Britain'S Deflation Rate Rises, Clothing Prices Hit A New Seven Year End

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< p > according to the latest data of the British Retail Association (BRC), the a href= "http://sjfzxm.com/news/index_cj.as" > the shop price index < /a > and the global market research firm Nelson (Nielsen), in October, the retail prices of clothing and footwear continued to decline as British retailers increased their discounts and promotions.

< a href= "http://sjfzxm.com/news/index_h.asp > > British apparel < /a > and footwear deflation rate also increased from 8.9% in September to 10.7%, and this figure has reached its highest level since December 2006.

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< p > the British Retail Association Research Report said that in October, the retail price of clothing and footwear in the United Kingdom decreased by 1.5% compared with the previous month. The price drop was mainly due to clothing products, especially women's wear and children's wear < a href= "http://sjfzxm.com/news/index_cj.as" > deflation rate < /a > higher.

Meanwhile, the deflation rate of footwear and men's clothing has also increased. "

Helen Dickinson, director general of the British Retail Association, said that after the slow rise in September, the UK's deflation rate in October was the highest since BRC recorded its price index.

Because of the warmer climate in October and slower sales of clothing in autumn and winter, this has prompted retailers to step up sales efforts to attract consumers.

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< p > related links < /p >

< p > < strong > British retail prices in October declined for the 6 consecutive month < /strong > < /p >

Mike Watkins, head of the P Nelson retail trade research department, predicts that although the economy has a slight good sign, British consumers may still be in a variety of considerations this year as Christmas approaches, refusing to be reported by the Reuters in November 6th. The British Retail Alliance announced in November 6th that the price of retail stores in Britain fell for sixth months in October, of which a href= "http://sjfzxm.com/news/index_cj.as" > clothing < /a > and the biggest drop in electrical prices.

In October, prices fell by an average of 0.5% over the same period last year, the same as those in July and August.

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< p > in the case of rising energy expenditure and wage growth below a href= "http://sjfzxm.com/news/index_s.asp" > inflation rate < /a >, the continued decline in store retail prices will make families feel relieved.

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Mike Watkins, director of retail and business observation at Nelson, who collates the data, said that although the economic outlook is slightly more optimistic, consumers in the industry as a whole are hesitant or unwilling to, or in some cases, unable to increase their spending.

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< p > according to the data released earlier by the alliance, the growth of retail sales in the UK slowed down for second consecutive months in September.

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< p > data show that the total retail sales volume of BRC in the UK increased 2.4% annually in September, slowing for second consecutive months, and second weak data this year. The former value (August) increased by 3.6%, and the July retail sales increased by 3.9%.

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In addition, the sales rate of BRC in the same store grew by 0.7% in September, which is slowing down for second consecutive months, and is less than half the increase in July and August. P

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< p > increase expenditure.

Faced with this situation, the a href= "http://sjfzxm.com/news/index_s.asp" > retailer /a will still have to stimulate consumer demand through various means.

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