The rate of falling shop prices slowed in October as the inflation of ambient grocery products rose ahead of the 12-month average.
Shop price prices fell 0.4% year on year in October, behind a 0.6% fall in prices the previous month, according to the BRC-Nielsen Shop Price Index.
Shop prices fell in the month ahead of the 12-month average inflation of 0.2% and the six-month average of 0.2% price deflation.
Food price inflation accelerated 1.6% in October, ahead of a 1.1% rise in September, exacerbated by ambient food inflation rising to 2.7% in the month, ahead of 1.7% inflation in September and 2.3% and 2.2% price inflation the 12- and six-month averages respectively.
By contrast, fresh food inflation edged up to 0.8% in October, ahead of the 0.7% year-on-year inflation rate in September.
Please sign in now if you have a subscription or are already registered with us.
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:
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.