Shop price inflation returns for first time in more than five years
Britain’s shop prices have risen for the first time in more than five years after extreme weather sent the cost of fruit and vegetables soaring.
The latest BRC-Nielsen figures showed that in August, shop prices increased by 0.1%, up from the July decrease of 0.3%, breaking a deflation cycle of 63 months.
Non-Food deflation continued to ease in August to 1.0% from 1.4% in July. This is the lowest rate of deflation since April 2013.
Food inflation accelerated to 1.9% in August from July’s rate of 1.6%.
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