Shop price deflation eases this month
New figures have revealed that shop price deflation eased in January with a drop of 0.3% compared to 0.4% fall in December.
The figures from the British Retail Consortium and Nielsen in their monthly shop price index show that prices in the non-food category declined by 1.5%, which was the same percentage as in December.
Meanwhile, growth in food prices accelerated to 1.6% from 1.4% in the previous month.
Helen Dickinson, BRC chief executive, said: “Shoppers will cheer as non-food prices fell in January, a continuation of the long-term trend in retail. Grocery prices could rise further as last year’s increase in global food prices filters through to British shelves; nonetheless, food prices remain low by European standards.”
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