The latest data from the British Retail Consortium shows that prices on the High Street are rising less rapidly than they were last year as clothing retailers look to shift summer stock in the wake of the cold and wet start to the period.
As a result, the cost of non-food goods fell by 0.6%, even though when taken together prices rose by 0.8% the lowest level since December 2021.
The cost of living crisis rears its head again, with the news that 7.4m consumers are struggling to pay their bills, which indicates the extent to which income inequality remains an issue, and also tells you that consumer spending is going to be low.
The cost of living crisis laid bare in the Observer: food, energy, broadband, mobile phone, car insurance and mortgage costs all examined.
I'm afraid that Brexit alone can't account for some of these increases: I suspect that the Competition and Markets Authority (CMA) will be pretty busy in the months ahead. The rises in car insurance, in particular, are out of sync with the rest of Europe by a remarkable degree.
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The latest data from the British Retail Consortium shows that prices on the High Street are rising less rapidly than they were last year as clothing retailers look to shift summer stock in the wake of the cold and wet start to the period.
As a result, the cost of non-food goods fell by 0.6%, even though when taken together prices rose by 0.8% the lowest level since December 2021.
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