Market Commentary and Intraday News
UK Shop Price Inflation Edges Lower - BRC
230 days ago
(RTTNews) - Shop price inflation in the United Kingdom fell slightly in September to 1.0 percent from the August reading of 1.1 percent, the British Retail Consortium reported Wednesday.
BRC said food price inflation was unchanged for a third straight month at 3.1 percent, remaining at a two-year low.
Deflation in non-food prices increased to 0.2 percent from the August reading of 0.1 percent.
"These shop price figures show retailers are holding back much of the impact as they battle it out for every bit of spending available from hard-up customers," said BRC Director General Stephen Robertson. He noted that food inflation remained low despite inflationary pressures in the supply chain from rises in commodities such as wheat and soybeans.
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