
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
ByHeart baby formula from all lots may be contaminated with botulism bacteria, tests show - 2
2024's Driving Clearing Robots: Master Suggestions and Surveys - 3
Watch live as near-Earth asteroid Eros buzzes the Andromeda Galaxy on Nov. 30 (video) - 4
How effective is the flu shot this year? New report shows promising results - 5
The Craft of Do-It-Yourself Home Stylistic layout: Change Your Space
Scientists document a death from a meat allergy tied to certain ticks
What do teens and tweens want for the holidays? E-bikes, gift cards and lip tints.
Iran war pushes Germany's deficit to 4.2% as growth outlook is cut by 50%
How a toxic self-improvement trend with a funny name took over your feed
Don't miss Jupiter shining close to the waning gibbous moon on Dec. 7
Tech Patterns: Contraptions That Will Shape What's in store
Bold Colors, Playful Shapes, Handmade Textures: This Mexico City Home Is 100% Joyful!
These HGTV stars made a pledge to keep their kids off smartphones. Here's how it's going.
National health ranking puts Georgia near bottom of list. Here's why













