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Figures show shop prices fall for 25th month in a row

By John-Paul Ford Rojas

Published 03/06/2015

The run of falling prices has now lasted more than two years
The run of falling prices has now lasted more than two years

Shop prices fell for the 25th month in a row in May, new figures have revealed.

The BRC-Nielsen shop price index showed year-on-year deflation at 1.9%, the same as in April, meaning the run of falling prices has now lasted more than two years.

Food prices were 0.9% down while in non-food the fall was 2.5%, both the same rate as in the previous month. It comes after official figures showed Consumer Price Index (CPI) inflation slipped into negative territory at minus 0.1% in April.

Mike Watkins, head of retailer and business insight at Nielsen, said: "Retailers continue to use price cuts and promotions to stimulate sales, and we see little evidence to suggest that prices will rise in the near future."

Belfast Telegraph

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