With shop price inflation showing no signs of slowing down heading into the final month of the year, the British Retail Consortium has predicted an “increasingly bleak” winter for retail.
Shop price inflation accelerated to 7.4% in November, up from 6.6% in October, according to the BRC-Nielsen IQ Shop Price Index. This was above the three-month average of 6.5% and was another record for inflation since the index started in 2005.
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