UK shop prices declined 0.6% YoY in September, driven by non-food items, while grocery price inflation reached 2.3% and energy prices are set to rise 10%.
UK shop prices fell by 0.6% year-on-year in September, the largest drop in over three years, driven by discounts on non-food items like furniture and clothing. Despite this deflation, grocery price inflation rose to 2.3%, influenced by poor harvests. Energy prices are also set to increase by 10%. While the decline in shop prices may enhance purchasing power, many households still face high living costs.
September 30, 2024
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