Furniture and floorcovering price deflation accelerated in June, contributing to an overall fall in shop prices for a 38th consecutive month.
Furniture and floorcovering prices fell by 2.5% in June from 1.7% in May, while DIY and Hardware saw an upward shift from 2.1% to 2%.
According to latest BRC–Nielsen Shop Price Index, overall non-food deflation fell to 2.8% from 2.7%, while total shop prices reported deflation of 2% in June.
Helen Dickinson OBE, chief executive, British Retail Consortium, said: “This month’s figures show overall shop prices falling once again. This extraordinary 38 month run of deflation has undoubtedly been good for consumers. It has been driven largely by falling prices for non-food items.
“While the good news for household budgets continues, prices in store will eventually rise again. However, the time it takes for any price increases to make a re-appearance will depend on a combination of factors including the future value of the pound, commodity prices and any eventual impact of last week’s Brexit vote on input costs.”