Shop prices hit new records as retail calls for business rates freeze


Shop prices hit record highs in September as retailers looked ahead to the next business rates revaluation with trepidation.

Inflation accelerated to 5.7% in September, up from 5.1% in August. This marked another record month for shop price inflation, according to the BRC-Nielsen IQ Shop Price Index.

Food inflation accelerated to 10.6% in September, up from 9.3% the previous month, representing the highest rate of food inflation on record.

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