Consumers gain on high street as electrical goods prices down a third

THE price of electrical items is down by a third from their peak, while clothing costs have fallen by close to a quarter.

Analysis of retail prices by stockbroking firm Davy found that despite a well-publicised price war prices at supermarkets are down just 6.5% since the middle of 2007.

Furniture and lighting prices are down 26%, items at department stores have been slashed by 21% and discretionary goods such as jewellery, toys and mobile phones have seen price cuts of 19%, according to the analysis.