Prices on the high street are set to rise as currency hedges that have protected some retailers against sterling’s decline since the Brexit vote run out, the British Retail Consortium warns.
Shop prices continued to fall in August, by 0.3% on the year, but the decline was the joint-smallest since November 2013. The on-month rise of 0.2% was the largest since February.
Overall pressures on prices are still weighted upwards, BRC chief executive Helen Dickinson said.
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