Home ›› 02 Sep 2021 ›› World Biz
Average prices in British shops in August were 0.8 per cent lower than a year before, a smaller decline than in previous months and one which reflected rising costs for stores, the British Retail Consortium said on Wednesday.
The BRC's measure of shop price inflation - unlike most other inflation measures - is typically negative. July's reading showed a fall of 1.2 per cent and the average annual decline over the past 12 months was 1.5 per cent.
"There are some modest indications that rising costs are starting to filter through into product prices," BRC chief executive Helen Dickinson said.
Food prices were also likely to rise over the coming months due to rising commodity prices, increased transport costs reflecting a shortage of truck drivers.