UK BRC Shop Price Index for September: -1.8% y/y (prior was -1.6%)

UK BRC Shop Price Index for September,-1.8% y/y

• prior was -1.6%

on a m/m basis the reading was +0.2%

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From the report:

• Overall shop prices reported deflation for the seventeenth consecutive month

Helen Dickinson, British Retail Consortium Director General:

• “Consumers can take heart that the outlook for inflation remains modest. Falling commodity prices, the strengthening of sterling, benign pressure in the supply chain and, critically, fierce competition across the retail industry suggests lower shop prices for consumers will continue.”