• UK shop prices fall at slower pace in September - BRC

Market news

29 September 2021

UK shop prices fall at slower pace in September - BRC

RTTNews reports that data published by the British Retail Consortium (BRC) showed that UK shop prices declined at a slower pace in September.

The shop price index dropped 0.5 percent on a yearly basis in September after easing 0.8 percent in August.

Food prices edged up 0.1 percent and non-food prices were down 1 percent annually.

"There are now clear signs the months-long cost pressures from rising transport costs, labour shortages, Brexit red-tape, and commodity costs are starting to filter through to consumer prices," Helen Dickinson, chief executive at BRC, said.

Food prices rose for the first time in six months and some non-food products, such as DIY & gardening, are seeing the highest rate of inflation since summer 2018, Dickinson noted.

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