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The price of goods in shops in the UK has increased by 2,louboutin uk.9 per cent in the year since June 2010,cheap christian louboutin, the biggest increase for two and a half years, according the a report by the British Retail Consortium (BRC).The biggest factor influencing the rise was a massive rise in the cost of food which increased by 5.7 per cent over the year to June 2011,louis vuitton handbags. The rate of increase last month, in the year to May 2011 was 4.9 per cent and the annual increase was 2,Mulberry uk.3 per cent,louis vuitton uk. However, the BRC said that shop price inflation is rising much more slowly than the Consumer Prices Index measure of inflation which currently stands at 4.5 per cent.Mike Watkins, Senior Manager, Retailer Services,cheap christian louboutin, Nielsen said: "Shop price inflation remains below consumer price inflation with the continued increase in the price of food being driven by wider economic conditions such as global commodity prices and weather related supply changes.”Households are using promotions and discounts in an effective way to try and mitigate against the price rises. Data released by research company Nielsen revealed that 39 per cent of all grocery spending was on promoted goods.BRC director general Stephen Robertson said: &ldquo,louboutin shoes;Headline food inflation is up,Mulberry bags, but 39 per cent of grocery spending is going on promoted goods, showing there are lots of offers available and savvy shoppers are taking advantage to minimise the impact on real-life bills.&rdquo,louis vuitton uk;The report said that increased fuel and commodity prices were also a factor in pushing up overall inflation. The BRC predicted that prices could increase further,Mulberry handbags. Higher grain prices and higher wages in countries that export commodities could cause this, the BRC said.Sign up to the Myfinances.co.uk to receive the latest financial news direct to your inbox.Follow on :
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