UK shop price inflation remained at 0.2% in July, food price inflation slowed to 2.3%, and non-food prices fell by 0.9%.
UK shop price inflation remained at 0.2% in July, according to the British Retail Consortium (BRC), the same rate as in June and the lowest since October 2021. Food price inflation slowed to 2.3% in July, from 2.5% in June, while non-food prices remained deflated, falling by 0.9% in July. The BRC warns that climate change's impact on harvests and rising geopolitical tensions may lead to renewed inflation.
July 29, 2024
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