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DWF comments on the ONS Consumer Prices Index

19 June 2019
Euro coins

Hilary Ross, head of retail, food and hospitality sector at DWF comments on the Consumer price inflation figures published by the ONS. 

Hilary says:

"Despite a slight decline in inflation, the ONS’ report indicates that pressure on consumers' disposable income continues to increase as a result of rises in the cost of housing, utilities and food and drink. Consumers consequently have less money to spend on extras such as clothing and fashion. This is further bad news for Britain’s fashion retailers who are up against poor weather and the ongoing struggle to stabilise their businesses - despite the number entering into CVAs. There looks to be little respite for fashion retailers in the coming months."

 


 

For more information, please contact:

Nahidur Rahman, Senior PR Manager

Tel: +44 7851 796943

Email: nahidur.rahman@dwf.law

 

Alternatively, contact the DWF press office on press.office@dwf.law  

 

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