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
- Caseking.de buys Overclockers UK Feb 9th 2012 at 7:52AM
- HP Folio 13-1000 ultrabook a DSG exclusive Feb 8th 2012 at 6:06AM
- PCR RETAIL BOOT CAMP: Dedicated website now live! Feb 2nd 2012 at 11:42AM
- GAME denies immediate stock problems Feb 1st 2012 at 1:56PM
- Tesco shares plummet after poor sales Jan 12th 2012 at 2:52PM
- Interactive Ideas offers best practice guides for selling online Jan 11th 2012 at 2:03PM
- Shepherd to head up VIP's new retail sales team Jan 10th 2012 at 12:31PM
- HMV bullish despite weak sales Jan 9th 2012 at 2:25PM
- Aussie retailer Harvey Norman launches offshore games site Dec 23rd 2011 at 5:19AM
- Indie Profile: Pudsey Computers Dec 22nd 2011 at 6:00PM
Follow Follow this article if you would like to receive notifications of updates.
Add a new comment
You need to be logged in to post comments. If you do not have an account then please register.
Comments
0 comments
There are no comments yet, be the first to add one!