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BRC sees retail sales dip ahead of Christmas as food price inflation rises
SHOP price inflation climbed in October, the British Retail Consortium (BRC) revealed yesterday, as food prices boomed.
Shop prices rose 1.5 per cent in the year to October, the data showed, up from the one per cent growth in the year to September. This increase was driven by a four per cent climb in food prices – compared to the 3.1 per cent yearly food price inflation seen in September. But the overall increase was also driven by a let-up in non-food deflation. Many clothing stores had been competing with offers and discounts, but this appears to be filtering out – non-food prices were completely flat over the year, whereas they had gone down 0.2 per cent in the year to September.