Tesco, Sainsbury s and Asda announce change to compete with Aldi and Lidl
Supermarkets are forced to make big changes to stay afloat
Shopper in a supermarket (Image: May James/Getty Images)
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There is a lot of competition within the supermarket retail industry.
Wednesday July 28, 2021, 12:01 AM
A woman shops for clothes Credit: PA Archive/PA Images
Shoppers have seen retail prices plunge more sharply this month on the back of summer clothing sales, while food also became cheaper, according to new data.
Shop prices fell by 1.2% year on year in July, according to the latest BRC-NielsenIQ shop price index.
It represented an acceleration in price decreases after deflation of 0.7% in June.
It’s an uncertain time for many households as the economy slowly reopens
Mike Watson, NielsenIQ
Helen Dickinson, chief executive of the British Retail Consortium, said the slump in prices was partly “due to fierce competition between supermarkets keeping food prices low”.
Shoppers see prices fall on back of summer clothing sales and cheaper food
Prices of goods fall amid warnings that the cost of products overall could rise due to longer-term pressures partly caused by Brexit
Updated
Clothing sales have contributed to a decline in shop prices (Image: PA)
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