• UK retailers are keeping price increases to a minimum - BRC

Market news

29 August 2018

UK retailers are keeping price increases to a minimum - BRC

Helen Dickinson OBE, Chief Executive, British Retail Consortium:

"Despite significant increases in costs in the supply chain, this month's figures show that retailers are keeping price increases faced by consumers to a minimum. However, current inflationary pressures pale in comparison to potential increases in costs retailers will face in the event the we leave the EU without a deal. If that does happen retailers will not be able to shield consumers from price increases.

The EU and UK negotiating teams must deliver a Withdrawal Agreement in the coming weeks to avoid the severe consequences that would result from such a cliff edge scenario next March."

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