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Watch Business Live: Higher prices for 2025 as Christmas trading fails to meet expectations
Posted
January 7, 2025
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January 7, 2025
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21:41Now PlayingWatch Business Live as shop prices will rise in 2025 as the key Christmas trading period failed to meet retailers' expectations, according to industry data.
Shop sales grew just 0.4% in the so-called golden quarter, the critical three shopping months from October to December, according to the British Retail Consortium (BRC) and big four accounting company KPMG.
Also, Europe's gas consumption has fallen by an unprecedented amount without being supplemented from elsewhere after Russia's invasion of Ukraine.
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