Shop price inflation has decreased for the fifth month in a row, reaching its lowest rate since August. The British Retail Consortium (BRC)-Nielsen Shop Price Index shows that prices were 5.2% higher in October compared to the previous year, down from September's 6.2%. Imported goods experienced higher inflation due to a weaker pound, while some domestically-produced food prices were lower. Food inflation also slowed, reaching its lowest rate since July.
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.
Shop Price Inflation British Retail Consortium Nielsen Shop Price Index Imported Goods Food Inflation
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