Shop prices fall for fifth consecutive month, spurred by grocery

Empty shelves bread

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.

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