Shop price inflation fell to its lowest level in over three years in September, according to the British Retail Consortium-NielsenIQ Shop Price index.
According to the BRC, shop price deflation stood at -0.6% in September, down from -0.3% in August, dropping below the three-month average of -0.3% and the lowest annual growth rate since August 2021. The non-food category remained in deflation at -2.1% last month, further declining from -1.5% in August. Meanwhile, food inflation ticked up to 2.3% in September, growing by 30 basis points from a month prior, when it stood at 2%. The 2.3% in the food sector stood above the three-month average of 2.2%. However, the annual inflation rate for the food category is in decline, having reached ...
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