
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
The Best Internet based Courses for Expertise Improvement - 2
74 suicide warnings and 243 mentions of hanging: What ChatGPT said to a suicidal teen - 3
The most effective method to Use an Internet Showcasing Degree for Advanced Predominance - 4
Curl Up With Some Hot Chocolate And Watch Mighty Car Mods Explore Japan In A Honda City Turbo II - 5
French and Malaysian authorities are investigating Grok for generating sexualized deepfakes
'Every day I planned an escape': Ariel Cunio shares details of Hamas captivity
Big majority in Germany call Berlin's efforts on gas prices too weak
Pick Your #1 Kind Of Treat
Russia earning billions from Hormuz blockade, German trade body says
Mali and Canadian miner Barrick agree to resolve tax dispute, ending 2-year standoff
Baby takes 1st steps after receiving groundbreaking gene-edited therapy
'Hero' who wrestled gun from Bondi shooter named as Ahmed al Ahmed
Releasing Learning Experiences: A Survey of the \Learning Made Fun\ Instructive Application
Black Friday Paramount+ deal: Save 50% and stream these buzzy Taylor Sheridan shows












