Credit, Collections & Insolvency News
Latest figures from the British Retail Consortium (BRC) have shown that shop price inflation rose by 1% year-on-year in April, a slowdown from 1.2% in March and below the three-month average of 1.1% Non-Food inflation decreased to -0.1% year on year in April, against growth of 0.1% in March. This is below the 3-month average…
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Prices in shops have risen at the fastest pace for more than a year and are 0.9% up on a year ago, according to the British Retail Consortium (BRC). The increase comes as retailers pass on additional costs to consumers, with the Government having hiked both employer National Insurance contributions and the minimum wage. The…
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A British Retail Consortium (BRC) survey has found that British retailers are expected to increase prices in the coming months due to rising employment costs. In February, shop prices were 0.7% lower than the previous year, but saw a monthly increase of 0.4%, marking the largest rise in a year. The report also noted that…
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