BRC-Nielsen Shop Price Index September
Report shows that commodities push up shop prices
Overall shop price inflation increased marginally in September to 1.9% from 1.7% in August, taking it to the highest rate for five months. Food inflation increased to 4.0% in September from 3.8% in August. Non-food inflation increased to 0.7% from 0.5% in August.
Stephen Robertson, British Retail Consortium Director General, said,”Past increases in commodity prices are now putting pressure on overall shop prices but the worst of this may have passed.
“Food inflation is at a 15-month high as the effect of earlier rises in wheat and oil prices work through to things like bread and meat but these production costs appear to be stabilising now.
“Clothing was largely responsible for non-food inflation increasing for the first time in five months. Clothing is still cheaper than a year ago, and 15 per cent cheaper than five years ago, but rising cotton costs have slowed the pace of those price falls.
“Even so, weak demand, poor consumer confidence and strong competition between retailers are likely to hold back shop price inflation
