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UK shop prices fall for fifth straight month in September - BRC
October 8, 2013 / 11:05 PM / 4 years ago

UK shop prices fall for fifth straight month in September - BRC

LONDON (Reuters) - British shop prices fell in September for the fifth straight month, driven by deep discounts on non-food items, the British Retail Consortium said on Wednesday.

A man passes a traditional sweetshop in central London August 10, 2013. REUTERS/Luke MacGregor

Prices fell by 0.2 percent compared with a year ago, the smallest drop since June.

The decline in prices was slowed down by easing deflation in the prices of clothing and footwear, furniture and electrical goods along with a return to inflationary territory in health and beauty products.

Mike Watkins, Head of Retailer and Business Insight at Nielsen who collate the data, said: “With consumers still uncertain about when and where to spend, we expect competition for discretionary spend to intensify in both food and non-food retailing as we head towards the end of the year.”

Reporting by Joshua Franklin; Editing by Hugh Lawson

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