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ken_ichikawa

More Imported Inflation On Its Way

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http://uk.lifestyle.yahoo.com/fashion/fashion-chains-far-cheerful-future-cheap-chic-article-huib.html

It was a sign of the times: fashion so cheap it became "disposable" as globalisation brought containerloads of low-cost clothes to the UK. But the days of the £4 jeans and £2 T-shirt could be numbered, with analysts and retailers now warning that the era of constantly reducing prices is coming to an end.

Last week, the bosses of the UK's biggest clothing chains, from Next to Debenhams and even Primark – king of the discounters – kicked off the retail reporting season by issuing the same stark warning that prices could rise in the coming year. A 45% rise in the price in the price of cotton to a 15-year high could not be ignored, they said. At the same time, retailers are juggling higher labour costs in the south-east Asia, the impact of a weaker pound and a rise in VAT to 20% from January.

Next's chief executive, Lord (Simon) Wolfson, was the gloomiest, and in words likely to strike fear into the hearts of fashionistas predicted: "The era of ever-falling prices [for clothes] is over". The price of Next's clothes are going to rise by up to 8% in 2011 and Wolfson said he suspected shoppers would have to cut back on the number of new outfits they buy: "Our best guess is that if prices go up 8% then the number of units [sold] will be down 10%. The clothing retail industry hasn't experienced price increases for 15 years and the truth is we don't know what the response will be.

Quick change the CPI so clothes are replaced by hessian potato sacks!

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http://uk.lifestyle....ticle-huib.html

It was a sign of the times: fashion so cheap it became "disposable" as globalisation brought containerloads of low-cost clothes to the UK. But the days of the £4 jeans and £2 T-shirt could be numbered, with analysts and retailers now warning that the era of constantly reducing prices is coming to an end.

Quick change the CPI so clothes are replaced by hessian potato sacks!

stop with the "wheres the deflation" quips....if it wasnt for Injins printy printy, we'd be in the thick of it with busted banks all over the show...for real.

Your inflation is courtesy the Money printers.

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  • 261 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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