Shop price inflation falls again to reach lowest level in two years
Shop price inflation fell in February for the second consecutive month to reach the lowest level of annual growth since March 2022.
Annual shop price inflation slowed to 2.5% in February, down from 2.9% in January and below the three-month average of 3.3%, according to the latest BRC-NielsenIQ Shop Price Index.
Food inflation declined to 5% in February, down from 6.1% the month before. February marked the 10th consecutive monthly decline in the food category and was below the three-month average of 6%.
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