Shop price inflation eases for fifth consecutive month

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Shop price inflation eases for fifth consecutive month
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Prices were 5.2 higher in October than a year earlier, according to the British Retail Consortium (BRC)-Nielsen Shop Price Index.

Shop price inflation has eased for the fifth consecutive month to its lowest rate since last August, new figures show

Imported goods saw higher levels of inflation due to a weaker pound, still-high producer costs and emerging trade frictions, while prices for some domestically-produced food, such as fruit, were lower compared with last month. “To keep inflation heading in the right direction, it is vital that the Government does not burden businesses with unnecessary new costs.

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