Play spot the inflation causes
RESIDENTS in Wiltshire will see their council tax bills rise by 4.95 per cent...
UK inflation has fallen for the second month in a row, to 2.1% in November from 2.3% the previous month, the Office for National Statistics says. ...
....figures showed that clothing prices in 2004 were 15% lower than they had been in 1990.
Leisure goods had also fallen back to their level in 1987, which the ONS said was mainly thanks to prices of audio-visual equipment in 2004 being less than a quarter of their level in 1987, reflecting rapid technological change.
In its monthly survey, the BRC said its shop price index revealed that overall prices were 0.57 pct lower in January than a year ago. On a month-on-month basis, prices were 0.27 pct lower.
The overall index stands at 100.39 compared to 100.97 in Jan 2005.
In addition, it said that for the first time since Aug 2000, food prices were lower than a year ago, by 0.52 pct, despite a 0.22 pct increase from December.
Meanwhile, the BRC said the price of non-food items showed a year-on-year decline for the eighth consecutive month. Non-food prices are now 0.58 pct lower than in Jan 2005. The non-food index now stands at 92.96 compared to 93.49 in Jan 2005.
'These results clearly show that retail price deflation is strengthening, particularly as discounting has in general been less widespread and prolonged this January than in previous years,' said Kevin Hawkins, the BRC's director general.
'Yet there is no abatement in the inflation of retailers fixed costs wages, property rents and rates, fuel and energy and the squeeze on margins is tightening,' he added.