Thursday, April 08, 2010

Blaming the government

The British Retail Consortium has given retailers a pat on the back for their fight to overcome the reluctance of customers to spend caused by pre-election uncertainty & sharp rises in other living costs. As a result overall shop price inflation slowed down from 1.7% in February to 1.2% in March.

Sainsbury’s however have been making it perfectly clear when the blame for rising prices lies elsewhere. Signs up on the beer shelves explain how the government excise duties went up at midnight on Sunday 28 March 2010 & spell out exactly how much this added to the price of a pint (or its metric equivalent)