Shop price inflation sinks to lowest level in over three years

BRC Shop Price index

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 ...