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Updated · Retail Week · Jun 29UK Shop Price Inflation Holds at 1.2% in June as Summer Discounting Caps Costs
2 articles · Updated · Retail Week · Jun 29Summary
- June shop price inflation stayed at 1.2% year on year, unchanged from May, according to the latest BRC-NIQ Shop Price Monitor.
- Summer discounting by retailers kept customer costs from rising further, helping hold the annual rate flat for a second month.
- The data points to continued price restraint across UK shops even as retailers move into seasonal promotions.
Insights
With retailers absorbing huge costs, are summer sales just delaying a much larger price shock for consumers? As global crises drive up costs, are deep discounts a temporary relief or the calm before an economic storm?