Published on April 3rd, 2019 | by The GC Team0
Six-year high for shop price inflation
Shop Price inflation rose to its highest level in six years, driven by an acceleration in food prices to 2.5% while non-food prices remained stable year on year.
Overall inflation rose to 0.9% during the month, up from 0.7% in February – the highest rate since March 2013.
According to the British Retail Consortium and Nielsen, technological developments in the non-food categories of Electrical and Clothing meant that prices for these goods have been on a downward trend for several years.
Price decreases in these sectors were, however, offset by increases in DIY, Health & Beauty, Books and Furniture prices.