Shop prices increased during May at the second highest rate in the past six years, driven by non-food inflation and “spiralling” business property tax.
Shop price inflation grew to 0.8% in May up from 0.4% in April. This is above both the 12- and 6-month average price increases of 0.2% and 0.6% respectively according to the BRC-Nielsen shop price index.
Non-food prices increased by 0.2% during the same period compared to April when prices decreased by 0.6%. This is the second month this year to register inflation in contrast to the past six years of deflation.
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.