Among Black Friday sales, UK inflation fell from 0.7% to 0.3% in November.
New figures from the National Bureau of Statistics (ONS) show a decline in inflation rates, saying it was by retailers cutting clothing and footwear prices throughout the second wave of the pandemic.
Expenses and prices usually increase preparations for Christmas, but retailers have cut prices significantly in an attempt to clear stocks before the second lockdown.
“We are pleased to announce that ONS’s assistant national statistician Jonathan Athow: Also, after several months of buoyancy has grown, the prices of used cars have receved a bit. ”
Food and drink prices have fallen at the fastest rate since 2017, but inflation has been partially offset by prices for games, toys and hobby.
Ruth Gregory is a senior British economist at Capital Economics. She commented on the inflation rate:
“What we didn’t expect was a slump in food inflation from 0.6% to -0.6%, which encouraged supermarkets to demand food during the second Covid-19 lockdown. in spite of,”
“This does not change the overall picture of inflation beginning to spike in April, when temporary VAT reductions in the hospitality sector reverse and downward drugs from the previous ingress of fuel prices fall from annual comparisons. .
“Together, these forces will be able to raise inflation to 2% by mid-next year. However, given the economy still has the capacity to reserve, unless there is an unrealistic Brexit, inflation will be two. There appears to be little risk of rising above the % target,” she added.
The pandemic has changed the way we spend our money. The figures from the UK Retail Consortium show that while people spend more in the second wave, it is less on the high street and more online.
