Shop price inflation hits fresh high amid price cap talks

British Retail Consortium

Shop price inflation rose to 9% in May, according to the British Retail Consortium, bringing shop price growth to a fresh high amid calls to enact price caps on food.

Rising from 8.8% in April, the May figures sit above the three month average rate of 8.9%.   Non-food inflation also accelerated, hitting 5.8% in May, up from 5.5% in April and above the three month average rate of 5.7%. However, grocery price increases did slow to 15.4% in May, down from 15.7% in April. This is the same as the three-month average rate of 15.4%, though still the second highest inflation rate in the food category on record. Jeremy Hunt 'comfortable' with recession to bring down inflation Price inflation of ambient food, items that can typically be safely stor...