To tell the truth, I am not regular Argos shopper. I like to see what I am buying before I pay for it. However, the catalogue retailers seemed to have missed the deflation story. They are supposed to be cutting prices, not raising them.
From Retail Week....
Argos is expected to increase its prices by 5 per cent in its new catalogue, as the retailer is hit by the decline of sterling against the dollar.
Around 54 per cent of the 18,000 products in the Argos catalogue, due to launch on Wednesday, are made in China and around 8 per cent from other east Asian countries, according to The Guardian.
The pound remains 20 per cent below its level of a year ago, which has pushed up the prices of goods imported from these areas.