Inflation news and archive

Britain’s retail mood darkens as inflation bites

Consumer confidence in the UK slipped further in September, with fashion and retail sectors feeling the blunt of swelling cost pressures. According to recent BRC-Opinium data, optimism about the economy deteriorated: expectations for its state over the next three months dropped to -36, from -32 in August. Personal financial outlook also edged...

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Swiss inflation rises to 0.2 percent in July

Swiss inflation rose again in July, reaching 0.2 percent year-on-year. This follows a dip into negative territory in May, which fuelled deflation fears, the Swiss Federal Statistical Office (SFSO) reported on Monday. In June, inflation had already climbed back to 0.1 percent year-on-year. It continued to strengthen in July, driven by a 0.7...

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Retail finance chiefs sound alarm over tax burden and inflation risks

A new survey from the British Retail Consortium (BRC) has revealed mounting concern among retail finance leaders, as fears grow that government policy is fuelling inflation, job losses, and reduced investment across the high street. With the Chancellor preparing his next Budget, 56 percent of retail CFOs described their outlook for the coming...

Retail

UK: Inflation rises despite discounting in fashion sector

Inflation in the UK rose to 0.7 percent year-on-year in July, largely driven by increased prices among food. While non-food inflation rose to -1.0 percent, against a decline of -1.2 percent in June, food inflation rose to 4 percent YoY, according to new figures by the British Retail Consortium (BRC). The increase comes despite discounting in...

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Eurozone inflation marginally rises to 2 percent

Eurozone inflation rose slightly in June. The annual inflation rate rose to 2.0 percent, the Eurostat statistics office announced in Luxembourg on Tuesday, according to an initial estimate. In May, the inflation rate had fallen to 1.9 percent. Economists had, on average, expected this slight increase. Inflation in the Eurozone is thus in line...

Retail

UK: Non-food remains in deflation as prices rise elsewhere

Over the period June 1 to 7, shop prices returned to inflation as costs imposed by last autumn’s Budget began to kick in. Overall inflation rose to 0.4 percent year-on-year in June, against a decline of -0.1 percent in May. This also came above the three-month average of 0.1 percent, according to the British Retail Consortium (BRC). Food...

Retail

Shop prices remain in deflation, unwinding promotions slow movement in fashion

New figures by the British Retail Consortium (BRC) and NielsenIQ have shown shop prices remained in deflation for the period May 1 to 7, yet heavy promotional activity in fashion slowed movement. Overall deflation was unchanged at 0.1 percent year-on-year during the reported period, against a decline of 0.1 percent in April. This came above the...

Retail

UK: Inflation rises in April yet clothing prices fall

Inflation rose for the month of April in the UK, as increased business rates associated with the government’s Budget impacted consumer-facing prices. According to the Office for National Statistics (ONS), headline inflation rose 3.5 percent in the 12 months to April, up from 2.6 percent over 12 months to March. Things did improve for the...

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US inflation falls unexpectedly

Inflation in the US unexpectedly weakened further. Consumer prices in April rose 2.3 percent year-on-year, according to the Labour Department in Washington. In March, the inflation rate was 2.4 percent. This is the third consecutive decline in inflation, after it started the year at 3.0 percent in January. Economists had expected stagnation in...

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UK inflation marginally eased in March yet clothing prices rise

Headline inflation in the UK marginally fell in March, however, prices rose in clothing and footwear, reversing trends seen earlier in the year. Prices for the category increased 1.1 percent in the 12 months to March 2025, the Office for National Statistics (ONS) reported, compared with a drop of 0.6 percent in the 12 months to February. ONS...

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Fashion industry faces turmoil as U.S. tariffs bite

The “Liberation Day” tariffs announced by the U.S. administration on Wednesday has sent shockwaves through global industries and financial markets. It precipitated steep stock market declines and raising fears of an escalating international trade war. The U.S. dollar has similarly taken a hit, falling 1.6 percent amid heightened uncertainty....

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BRC: Festive period benefited from lower inflation but price pressures on the horizon

New figures from the British Retail Consortium (BRC) and NielsenIQ showed that over the course of December, shoppers benefited from lower inflation. Yet, price pressures are anticipated for the coming year. Over the period December 1 to 7, 2024, shop price deflation was at 1 percent, up from deflation of 0.6 percent in the month prior. This came...