Stores

Shop price inflation eases for fifth month in a row

By 31 October 2023

High-street

Shop price inflation eased for the fifth consecutive month, reaching its lowest level since August 2022 despite the continued squeeze on discretionary spending.

Annual shop prices decelerated to 5.2% in October – down from 6.2% in September – according to the BRC-NielsenIQ shop price index.

This was below the three-month average inflation rate of 6.1% and down to its lowest level since August 2022.

 

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