Weak consumer spending drives shop prices down
Shop prices fell slightly in August, driven by weak consumer spending and “stiff competition” between retailers.
Shop prices fell 0.4% in August, which made for the fastest rate of decline since June 2018, according to the latest BRC-Nielsen Shop Price Index.
Food inflation eased somewhat to 1.6%, down from 1.7% in July, while fresh-food inflation accelerated from 1.2% in July, to 1.4% in August.
Inflation of ambient food prices however slowed, down from 2.4% in July to just 1.8%, which was well below both the 12- and six-month averages
Subscription content
Please sign in now if you have a subscription or are already registered with us.
Register for free to continue reading
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
- Two free article views per calendar month on Retail-Week.com
- Detailed analysis of current trends and events
- Exclusive newsletters
- In-depth reports, videos, interviews and much more
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few moments before your account is updated.