Inflation pinching Britain’s shoplifters?October 18th, 2011 - 6:58 pm ICT by IANS
London, Oct 18 (IANS) In Britain, it seems even shoplifters are feeling the inflationary squeeze, as figures have revealed that over the past year, thieves have increasingly opted to steal items of day-to-day use such as toothpaste.
Even meat and seafood was pinched alongside iPods, smart phones, laptops and computer games, the Daiy Express reported.
On an average, each thief stole goods worth an estimated 79 pounds ($124) - often items they could sell on. Their crimes cost high street retailers, struggling to beat the recession, five billion pounds last year.
According to security troubleshooter Centre for Retail Research, the overall figure, including shoplifting, fraud, organised crime and administrative errors, is up 6.2 percent over the past 12 months.
“High losses are experienced by a relatively small number of products, particularly if recently launched and in great demand. Loss among food lines has shot up,” said Centre for Retail Research’s vice president Neil Matthews.
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Tags: 12 months, administrative errors, computer games, crimes, five billion, food lines, inflation, laptops, neil matthews, recession, retail research, shoplifters, shoplifting, smart phones, squeeze, street retailers, thief, thieves, toothpaste, troubleshooter