Weak consumer spending drives shop prices down

High-Street

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.

Retail Week

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:

  • Six free articles a 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 minutes before your account is updated.