Shop Price Index
Largest drop in Non-Food Prices since 2006
Helen Dickinson OBE, Chief Executive, British Retail Consortium:
"Overall, Shop Prices fell in April, with a larger drop in Non-Food prices outweighing the rise in Food inflation. Food retailers offered fewer promotions this April as they worked to discourage the consumer stockpiling of the previous month, pushing food inflation slightly above average. In contrast, some Non-Food sectors, particularly Clothing and Footwear and Furniture, were hard hit, as discretionary spending evaporated, resulting in deep price cuts.
“Retailers who remain open face rising costs from implementing social distancing measures, protective equipment and rising import prices, yet they continue to deliver great value on their products. With the UK facing months of economic uncertainty and the prospect of rising job losses, many customers have cut right back on spending. A speedy economic recovery is key to rebuilding consumer confidence, but businesses cannot do it alone. The Government has demonstrated great support for the industry and they must be ready to take measures to revive consumer demand after lockdown has lifted."
Mike Watkins, Head of Retailer and Business Insight, Nielsen:
“With lockdown effectively closing the high street, non-food retailers are reliant on online sales and prices have fallen as they look to sell stock. Across the supermarkets, there has been a reduction of promotions to help availability as well as some supply chain constraints, which has led to a small increase in shop prices primarily in ambient foods. With such a significant disruption to shopping behaviour, the industry continues to do a marvellous job in helping to feed the nation in these difficult times.”