
UK clothing and footwear prices rose year-on-year for the first time in four months in February, increasing 0.9% and adding fresh pressure to households already managing elevated living costs.
The latest Office for National Statistics (ONS) Consumer Price Index shows headline inflation holding at 3.0%, while food inflation eased slightly to 3.3%.
Harvir Dhillon, economist at the British Retail Consortium (BRC), warned that the uplift in apparel prices reflects high costs “continuing to filter through,” with retail margins remaining “extremely tight.”
He added that many families still “feel the cumulative impact of previous price increases as conflict in the Middle East blocks key trading routes (with both energy and fertiliser affected” even as some categories – including chocolate and confectionery – posted month-on-month declines.
Dhillon said heightened geopolitical tensions in the Middle East are creating immediate inflation concerns for retailers and consumers. He cautioned there is a “significant risk that inflation will pick up again in the coming months.”
Rising energy and transport costs are expected to put additional pressure on operating expenses across the retail and apparel sectors.
“If commodity price increases are sustained, inflation will not fall to the 2% target this year. It is therefore important that the government does what it can to avoid adding further burdens onto businesses, to help limit the risk of higher prices, reduced investment and fewer jobs.”
At the time Clive Black, head of consumer research at Shorecap Capital Markets, spoke of weakness in apparel and footwear, noting heavily marked-down apparel sales post-Boxing Day, contrasted with stronger momentum in health and beauty, home textiles and toys.
“We do not seek to talk ourselves into a depressed mindset, but in the space of a month or so, things have not changed for the better; the sooner matters settle in the Middle East, in this respect, the better," he added.
"UK clothing inflation climbs as Middle East turmoil threatens wider price rises" was originally created and published by Just Style, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
LATEST POSTS
- 1
Broken toilet, T-shirts on windows and collecting saliva: The weirdness of daily life aboard Orion - 2
Hanwha Ocean secures orders worth $866m for five vessels - 3
Most loved Amusement Park for Small children: Which One Do You Suggest? - 4
FDA adds strongest warning to Sarepta gene therapy linked to 2 patient deaths - 5
Here are 10 stores where you can get a free Thanksgiving turkey
Does physics say that free will doesn't exist?
Hamas hands over another body in the Gaza Strip
Brazil Passes Law to Use Seized Bitcoin, Crypto to Fund Public Security Measures
Track down Your Optimal Conservative Vehicle: Famous Brands to Consider
Polish law aimed at lowering petrol prices takes effect on Tuesday
Meet the Stars of the Feline World: Well known Pet Feline Varieties
Wolf bites woman in a shopping area in Germany's 2nd-biggest city
Mexico says a third of 130,000 missing people might be alive, fueling criticism from families
Step by step instructions to Figure out the Natural Effect of 5G Pinnacles













