
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
Nodding off is dangerous. Some animals have evolved extreme ways to sleep in precarious environments - 2
World's oldest known tortoise still very much alive despite rumor to the contrary - 3
Gulf aluminum output tumbles on Iran war - 4
'A prank': Israel Police detain suspect for shooting rubber bullets at Ashkelon kindergarten - 5
Eating ultra-processed foods could raise precancerous polyp risk for women under 50, according to research
Kidneys from Black donors are more likely to be thrown away − a bioethicist explains why
Cases of norovirus are on the rise just in time for the holiday season
Are protests pushing Iran's Islamic regime toward a tipping point?
Fireball sightings are surging across the US — here's what's really going on
7 Powerful Techniques to Boost Efficiency with Your Cell Phone: A Thorough Aide
EPA watchdog finds nation’s most contaminated sites are vulnerable to flooding, wildfires
Insurance warning signs in doctors’ offices might discourage patients from speaking openly about their health
A single shot of HPV vaccine may be enough to fight cervical cancer, study finds
Poll: Only 25% of Americans think Trump has 'followed through' on his promise to release the Epstein files













