Sumary of UK shoppers face biggest price rises since 1990 in Christmas rush – business live:
- Reuters UK (@ReutersUK) UK retailers report strong pre-Xmas demand, biggest price rises since 1990 https://t.
- com/Pa1sYTLCdj November 25, 2021 Here’s more details of the CBI’s retail survey: CBI Economics (@CBI_Economics) Retailers reported that sales in November were good for the time of year and to the greatest extent since September 2015. Sales are expected to remain above seasonal norms to a broadly a similar extent next month.
- ) indicating that Christmas shopping activities are being brought forward this year.
- Photograph: Belinda Jiao/SOPA Images/REX/Shutterstock UK shoppers face the biggest price rises in over thirty years this Christmas, as fears of shortages send people rushing to the shops early.
- The Confederation of British Industry’s quarterly Distributive Trades Survey has found that selling prices in November grew at the fastest pace since May 1990, with a balance of 77% of firms reporting higher prices than a year ago.
- And a measures of sales for the time of year leapt to +35 from -1, its highest since September 2015. David Milliken (@david_milliken) Very punchy inflation numbers out of the CBI’s quarterly survey of retailers this morning: fastest rise in prices since May 1990 (against a backdrop of robust pre-Christmas shopping demand) https://t.
- co/628sj1it4o November 25, 2021 Retailers were also less worried about supply shortages.
- Ben Jones, CBI lead economist, says fears of shortages encouraged people to start their festive shopping earlier: “Christmas seems to have come early for retailers, with clothing and department stores in particular seeing a big upward swing in sales volumes in November.