UK retail industry performance worst since 2013

UK retail industry performance worst since 2013

Quickening inflation has miffed UK retail industry with sales plummeting for the third month in January, reports from the Office for National Statistics revealed. In the three months through January, sales dropped 0.4 per cent, the worst quarterly performance since 2013. In store and online sales in the country fell by 0.3 percent following a […]

South African retail sales slow amid higher inflation

South African retail sales slow amid higher inflation

According to newly released data, South Africa’s retail sales has grown at a slower rate in January. The rising inflation and higher lending rates are seen as the major reasons for the the weakening economy. The sales of household furniture and appliances slowed sharply, growing 2.6 percent year-on-year in January against 6 percent in the previous month. Sales of […]

UK’s inflation hits record low; CPI averages least since 1950

UK’s inflation hits record low; CPI averages least since 1950

Customers profited from the intensive supermarket price war in December 2015 as UK recorded a low year for inflation, official figures have uncovered. The Office for National Statistics said the Consumer Prices Index found the average value of 0% in 2015 — the least since its records started in 1950. In spite of the fact […]

Falling Canadian dollar would increase the grocery bills

Falling Canadian dollar would increase the grocery bills

  The dropping Canadian dollar, which has plunged below the 70 cent mark, could increase the grocery bills, particularly when it comes to purchasing fruits and vegetables. Many Canadians now will have to go without expensive Florida oranges or California head of lettuce. About all foods fruits and vegetables devoured in Canada are imported, making […]

Increase in food prices to cost Canadian household an additional $345 in 2016

Increase in food prices to cost Canadian household an additional $345 in 2016

  For the fourth year in succession, the raise in food prices is believed to outpace inflation next year. The ascent will cost the normal Canadian household an extra $345 in 2016. The Food Price Report 2016 discharged predicts food inflation rates to ascend by two and four percent. Sylvain Charlebois, professor of food distribution […]