Kevin Hawkins, Director General, BRC comments:
“Although intense price competition within non-food is keeping overall inflation low, it continues to be outweighed by food inflation. Food prices are being driven by global factors outside the control of the grocery industry, but supermarkets are fighting hard to reduce the impact on consumers, especially given all the other pressures on household incomes.”
Mike Watkins, Senior Manager, Retailer Services, Nielsen comments:
“Levels of retail spend are going to be hard to predict over the next few months. Non-food only retailers will need to maintain these lower prices and also keep a close watch on the Christmas activity of hypermarkets.
And supermarkets will be working hard to keep sales growing above the +4% that we have seen in the last 12 weeks, as the cost price increases that are being reflected in some food price inflation will inevitably make shoppers more cautious.”
British Retail Consortium
marketing@alchempro.com
