Non-food prices fall at sharpest rate since May 2018
February shop prices fell despite food costs holding steady as non-food prices declined at their sharpest rate since May 2018, according to the BRC-Nielsen Shop Price Index.
Shop prices fell 0.6% this month, double the 0.3% decline recorded in January and below the 12- and six-month declines of 0.1% and 0.5% respectively.
This decline was spurred by non-food prices, which dropped 1.9% in February, the highest rate recorded since May 2018.
This decline steepened from 1.5% in January and was ahead of 12- and six-month declines of 1.2% and 1.6% respectively.
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