July shop prices fall as retail tries to lure shoppers back to high street

high street

Shop prices fell 1.3% in July, as retailers continue to feel the effects of the coronavirus pandemic, according to the latest figures from the BRC and Nielsen.

While this was a marginal improvement from the 1.6% decline seen in June, it is evident this is still a difficult time for the retail industry. 

This figure was below the 12-month average price decrease of 0.9%, but above the six-month average price decrease of 1.4%.

 

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