Shop price inflation subdued, but storm clouds loom

Shop price inflation subdued, but storm clouds loom

Shop price inflation edged up in March, despite food inflation easing. According to the latest BRC-NIQ Shop Price Monitor, shop price inflation increased to 1.2% year on year in March, against growth of 1.1% in February. This is below the 3-month average of 1.3%. Non-Food inflation increased to 0.1% year on year in March, against a decline of -0.1% in February. This is in line with the 3-month average of 0.1%. Food inflation decreased to 3.4% ye…