UK shop prices dropped significantly, marking the lowest inflation in over three years.Annual shop prices contracted by 0.8%, deepening from the previous month’s decline.Food inflation decreased…
Browsing: food inflation
Food inflation in October slowed to 1.9%, down from 2.3% in September, a relief noted by the British Retail Consortium (BRC).The slowdown was most apparent in…
October marked a pivotal change as fashion sales began to recover amidst ongoing market deflation.Shop price deflation reached 0.8% in October, an improvement from September’s 0.6%.The…
September witnessed significant price cuts by UK retailers due to wet weather affecting consumer spending.Shop prices experienced a 0.6% decline in September, the largest since August…
UK retailers have significantly reduced prices in September due to unusually wet weather conditions affecting consumer spending.Shop prices saw a notable 0.6% decline year-on-year in September,…
Food inflation has seen a noticeable increase due to suboptimal crop yields.In September, food inflation hit 2.3%, up from 2% the previous month.Fresh food inflation also…
August marks the first time in nearly three years that shop prices have entered deflation.Shop prices decreased to a rate of 0.3% this August, a notable…
The United Kingdom sees a significant decrease in food inflation rates, reaching the lowest level since October 2022.Food inflation fell to 11.5% in August, a drop…
Recent data underscores a significant rise in essential food prices in the UK.Key items like cheese, butter, and bread have seen notable price surges.Food inflation, while…
Huw Pill, Chief Economist at the Bank of England, warns that food prices may not decrease due to the Ukraine conflict’s impact on supply chains.Russia’s invasion…