Retailers say tax rises could further fuel inflation as shop prices jump | Retail industry

Retailers, the government’s tax increases, store price increases in September increase in September and the increase in food prices with the increase in garden goods can give further resources to inflation, he said.

According to the latest monthly report of the British Retail Consortium (BRC) and analysts NIQ, the annual store price inflation rose from 0.9% to 1.4% in September in August.

According to the trade organization, the half of the year and a half years on non -food goods, in September, has a lower level of only 0.1% each year in September compared to a decrease of 0.8% annually.

Fall in school products such as laptops, such as falling prices, reduced inflation to other household goods, including DIY goods. The annual food price inflation, which is constantly accelerating all year round, was level in 4.2% in September – as in August.

BRC General Manager Helen Dickinson said: “Household shopping is increasingly expensive.

Authority, the government’s high energy and labor costs, including the increase in national insurance payments (NICS) of employers, continued to increase input prices for many manufacturers, including farmers, including milk and cattle prices.

However, Mike Watkins, NIQ retailers and business insight, said low consumer confidence means that retailers should continue to offer promotions and agreements to increase sales.

“As inflationary pressures continue, many shopping people are concerned about their personal financial situation and becoming increasingly sensitive to price,” he said.

The BRC figures are the latest indicator of food inflation to the peak, and it expects retailers to be facilitated at the end of this year or from the beginning of 2026.

However, at the beginning of this month, the UK Bank gave up a deduction in interest rates that increasing food prices put pressure on the title inflation.

Rachel Reeves implies that tax increases or expenditure cuts may be on the road because the expected changes in the expected changes in the changes in the official calculations of Chancellor’s growth and the UK efficiency have to find £ 30 billion.

“New packaging tax, which will come into force in October, will put more pressure on inflation,” Dickinson said. “While retailers continue to suck as higher costs as possible and provide value to customers, more tax increase in the approaching budget will keep store prices higher for a longer period of time.

“Ultimately, the results of the decisions of the Chancellor – positive or negative – British households that will carry.”

Retailer, according to BRC, in April, employers’ NIC’S NIC, packaging taxes and legal minimum wage changes after making changes to the cost of 7 billion pounds at costs.