UK shop price inflation slows despite costs pressures, BRC says
Promotions and strong discounting helped offset higher costs, while food inflation eased to 2.5% and non-food inflation to 0.8%, BRC said.
- On Tuesday, the British Retail Consortium reported that annual shop price inflation slowed to 1.4% in September, down from 1.5% in August, as retailers deployed widespread promotions to offset rising costs.
- Competition between retailers intensified as they cut prices on food items to attract customers; Mike Watkins, head of retailer and business insight at NIQ, said promotions helped bring down meat and dairy prices.
- Non-Food inflation softened to 0.8% from 0.9% driven by strong discounting on back-to-school essentials, while poor European harvests pushed up fruit prices and high commodity costs kept chocolate and confectionery elevated.
- BRC chief executive Helen Dickinson called the situation a "fork in the road," urging the Chancellor to freeze business rates set to rise in April or risk pushing more costs onto consumers.
- Britain's broader official consumer price inflation reached 3.1% in August and is expected to surpass 4% by early 2027, as policymakers warn the energy price shock from the Iran war may spread wider.
17 Articles
17 Articles
UK Shop Inflation Slows as Retailers Extend Promotions, BRC Says
UK shop price inflation slows despite costs pressures, BRC says
Shop Price Inflation Eases As Retailers Ramp Up Promotions To Boost Demand
Shop price inflation in the UK eased in September as increased promotional activity and competition among retailers helped limit price rises, despite mounting cost pressures. The data from the British Retail Consortium (BRC) and NIQ shows shop prices were 1.4% (more…)
Increased promotions bring down food prices: BRC
Shop price inflation eased this month, as increased competition and promotions helped bring down food prices, particularly across meat and dairy, shows sector data released today (Sept 29). However, poor harvests pushed up fruit prices, while elevated global commodity costs continued to keep chocolate and confectionery prices high.According to latest data released by British Retail Consortium (BRC) covering Sept 1 to Sept 7, shop price inflation…
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