Good news as inflation slowed in September from 1.1% in August, however food inflation remained unchanged at 3.1% in September, according to the British Retail Consortium.
Stephen Robertson, BRC Director General, stated “Falling prices for non-food goods and stable food inflation are slowing overall shop price rises.
“Food inflation remains at a two-year low for the third month running despite inflationary pressures building up in the supply chain from rises in global commodities such as wheat and soya beans.”
“These shop price figures show retailers are holding back much of the impact as they battle it out for every bit of spending available from hard-up customers. Promotions, including multi-buy offers, fuel coupons and price matching are commonplace and helping to keep grocery bills down while non-food prices have now been cheaper than a year ago for eight months in a row as prices of furniture, electricals and clothing are cut to generate sales.”
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