UK shop price inflation hits lowest level since 2021

Cuts on non-food prices

Eve Maddock-Jones
clock • 1 min read

Prices in UK shops rose at their slowest rate since Christmas 2021 in April, as non-food items entered a deflation phase.

Annual shop price inflation slowed to 0.8%, down from 1.3% in March, according to data from the British Retail Consortium and NielsenIQ. This was below three-month average rate of 1.4%. Non-food items entered into deflation with a 0.6% contraction, compared to 0.2% price growth in March. Bank of England chief economist Huw Pill: Interest rate cuts remain 'some way off' Inflation on food also decelerated to 3.4% from 3.7%, making April the twelfth consecutive month of inflation slowdown for food prices. This was driven by overall falls in the cost of fresh produce, such as butter...

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


More on UK