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Article: South West sees smallest fall in retail prices in UK ; Consumers in the South West have experienced the smallest fall in retail prices in the country over the past year, according to new figures.
- Article from:
- Express & Echo (Exeter UK)
- Article date:
- May 30, 2009
CopyrightCopyright 2009 Express & Echo (Exeter UK). Provided by ProQuest LLC. (Hide copyright information)
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Consumers in the South West have experienced the smallest fall in
retail prices in the country over the past year, according to new
figures.
Research published today by the Halifax indicated that prices in
the region fell by 0.3 per cent between the first quarter of 2008
and the same time this year.
This was below the UK average fall of 1.3 per cent. London saw
the biggest decline in retail prices, at 2.8 per cent.
But the effect had more to do with reduced mortgage interest
payments than falling prices in the shops. Clothing and footwear was
the only other major spending category where prices decreased, while
food and drink costs ...