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30% of retailers expect more price increases, NSI survey says

Photo: BGNES

According to the National Statistical Institute's traditional business climate survey, 30% of retailers believe prices will continue to rise over the next three months. Entrepreneurs in the four sectors monitored - retail, services, construction and industry - expect prices to continue rising.

20.5% of service sector executives predict that selling prices will rise over the next three months.

In retail, 30.2% of retailers surveyed expect an increase and stress that lower demand is a problem for the industry. 

Nearly 32% of building contractors expect higher prices, while in industry this share is just over 17%. The uncertain economic environment appears to be the main problem across all sectors, followed by labour shortages.

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