BRC respond to August inflation figures

Responding to the Consumer Price Index, which shows inflation at 9.9%, Helen Dickinson, Chief Executive of the British Retail Consortium, said:

“Inflation eased very slightly this month, but at 9.9%, it remains a significant concern for households who continue to face a cost of living squeeze. Energy costs are still the biggest component of inflation, and while the latest announcement to limit the rise in the energy price cap is welcome, consumers still face higher bills in October.

“Despite the substantial cost pressures bearing down on businesses and their supply chains, retailers are trying their best to support their customers. This includes expanding value ranges, implementing price locks on key goods, and raising pay for staff.”