BHETA launches commodity, energy and freight price tracker

The new tracker is designed to help members keep up to speed with the current turbulent inflationary situation.

Published monthly, BHETA’s new report will sit alongside the association’s monthly economic snapshot and quarterly market data report.

The new Price Tracker will assist suppliers as the Consumer Prices Index rose by 11.1% in the 12 months to October 2022. With many housewares and home improvement products still tracking higher, the situation is fast moving and something not seen for almost 30 years. A practical consequence of this is that many buyers and sales teams don’t have experience of the intricacies of price increases on this scale.

Steve Richardson, BHETA marketing manager, explained: “While it is obvious that product costs are made up of many elements, including raw materials, transportation, labour, energy and processing, present circumstances make it even more crucial that suppliers and buyers understand the relative influence of each, if they are to have meaningful and productive price negotiations.

“For example, with a highly process-driven product, energy could represent 60% of the production cost, and raw materials only 20%.  In this case, energy price rises of 10% will have a much higher impact on cost even if raw material costs decrease.

“It is important both parties understand what is involved if fair outcomes are to be achieved, and indeed, if communications to the consumer are to be accurate as well.  BHETA’s new Commodity, Energy and Freight Price Tracker is designed to ensure that BHETA members have the information to communicate effectively.”

MORE NEWS
Copy of Progressive Preschool featured image - 2025-05-05T233710.293
 
The department store is closing its last store after more than 140 years in business. ...
Copy of Progressive Preschool featured image - 2025-05-05T231745.564
 
With consumers focused on healthy eating and saving money on eating out, meal prep is a fast-growing trend. PH finds out how suppliers are catering for this movement and what the latest launches are....
Copy of Progressive Preschool featured image - 2025-05-05T224113.369
 
The first instalment of the report shows the US housewares industry experienced growth in 2024, with sales up 1.2% over previous year. ...
Copy of Progressive Preschool featured image - 2025-05-05T222118.412
 
Following cyber attacks on Marks & Spencer and Co-op, Harrods last week became the latest retail victim in the UK. ...
Copy of Progressive Preschool featured image - 2025-05-05T220659.062
 
The Independent's consumer products testing team has been putting non-stick frying pans through their paces, with Ninja, Salter, Dexam and Samuel Groves making the cut....
Copy of Progressive Preschool featured image - 2025-05-01T154342.434
 
Retailers are readying their outdoor dining offering and PH has been finding about the latest trends in the sector, how the market is faring and the latest products set to launch....
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.