Heurist Finance

UK shop price inflation climbs to 2.5-year high on October BRC data

The Guardian ·
UK shop price inflation climbs to 2.5-year high on October BRC data
  • UK shop price inflation rose to its highest level in two and a half years in October, according to the British Retail Consortium.
  • BRC food inflation was 2.9% year on year in October, up from 2.5% in September.
  • BRC non-food inflation more than doubled from 0.8% to 1.7%.
  • The BRC warned that retailers are holding back a large wave of costs from consumers and that this is starting to change.

Quotes

“the dam is starting to break”— British Retail Consortium

Sources