UK shop price inflation drops to two-year low in March

Lowest since December 2021

clock • 1 min read

UK shop price annual inflation fell to the lowest level since December 2021, according to the British Retail Consortium-NielsenIQ Shop Price index.

Shop price annual inflation eased to 1.3% in March, down from 2.5% in February, making it the first figure below 2% in over two years and below the three-month average of 2.2%. Revised GDP figures confirm UK economy fell into a recession last year On a monthly basis, food prices fell by 0.3%, while non-food prices declined 0.4%. Mike Watkins, head of retailer and business insight at NielsenIQ, said a "key driver" of the slowdown was a fall in food prices, but "intense competition" among retailers also contributed. UK consumer confidence stalls in March Helen Dickinson, CEO of...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on UK

Peel Hunt: FTSE SmallCap index could cease to exist by 2028
UK

Peel Hunt: FTSE SmallCap index could cease to exist by 2028

UK M&A report

Valeria Martinez
clock 03 April 2024 • 2 min read
UK shop price inflation drops to two-year low in March
UK

UK shop price inflation drops to two-year low in March

Lowest since December 2021

clock 02 April 2024 • 1 min read
Bank of England's Jonathan Haskel: Rate cuts are a 'long way off'
UK

Bank of England's Jonathan Haskel: Rate cuts are a 'long way off'

Voted to hold in March

clock 28 March 2024 • 1 min read
Trustpilot