Tag Archives: inflation

The Annual Consumer Prices Index (CPI) inflation rate rose by 2.2% in the 12 months to July 2024, up from the 2% Bank of England target achieved in June.

Retail sales fell 1.2% in June, while textile, clothing and footwear sales fell by 1.6%, figures from the Office for National Statistics (ONS) show.

Footwear retailer Shoe Zone has warned that it expects high shipping costs and weak sales to hit full-year profits.

Annual Consumer Prices Index (CPI) inflation rate rose by 2% in the 12 months to May 2024, hitting the Bank of England's target for the first time since July 2021.

Shop price annual inflation is starting to ease reaching 0.6% in May, the latest BRC-NielsenIQ Shop Price Index has revealed.

Annual Consumer Prices Index (CPI) inflation rate rose by 2.3% in the 12 months to April 2024, inching towards the Bank of England's target of 2%.

Shop price annual inflation eased in April to 0.8%, down from 1.3% in March, its lowest since December 2021.

Retailers cut the price of electricals, clothing and footwear in March to entice consumer spending.

Inflation fell to 3.4% in February, down from 4% in January, helped by drops in food and clothing prices.

Annual Consumer Prices Index (CPI) inflation rate increased by 4% in the 12 months to January 2024, staying at the same rate as in December 2023.