The British Retail Consortium has warned that retail prices for electrical goods are likely to rise in the near future.
According to ERT, while records in recent months have shown that prices have fallen, this deflation may be coming to an end as the value of the pound continues to drop.
The pound has lost half its value against the Japanese Yen and has dropped by 25 per cent against other currencies and the BRC has warned that the electrical goods sector is likely to suffer.
As a result of the currency fluctuations, the cost of importing goods will rise, and with margins already squeezed, these costs are likely to be passed on to the consumer.
Advertisement
Related Stories
- Daily deals websites get the Apprentice treatment May 23rd 2012 at 9:58PM
- iPad boosts April online sales to strongest in 18 months May 22nd 2012 at 10:53AM
- Dixons reports growth in UK sales in latest statement May 10th 2012 at 9:14PM
- TP-Link partners with Asda May 9th 2012 at 2:46PM
- Are you selling the Connected Home? May 2nd 2012 at 12:53PM
- Clare Rayner: Climb the 10 Steps to Retail Success May 2nd 2012 at 11:43AM
- Tesco sees UK profits fall Apr 18th 2012 at 10:51AM
- Serif agrees Asda deal Apr 17th 2012 at 2:27PM
- NCsoft gives headstart to gamers who pre-purchase Guild Wars 2 Apr 12th 2012 at 9:34AM
- Have you signed up for the PCR Retail Boot Camp? These dealers have... Apr 12th 2012 at 9:06AM
