Rising prices on the horizon as retailers face increased disruption

Shoppers on a High Street

Retail prices fell slightly faster in June compared with May, but this trend is not expected to last as retailers battle rising costs.

The rate of shop price decline rose slightly to 0.7% year-on-year in June compared to the equivalent figure in May of 0.6%, the BRC-Nielsen Shop Price Index showed.

Shop price deflation in June remained at a slower rate of decline than the 12-and-6 month average price decreases of 1.6% and 1.6%.

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