UK food prices and shop price inflation slow in February, survey shows

UK food prices and shop price inflation slow in February, survey shows

British store chains raised their prices less quickly last month, offering some respite for consumers ​grappling with the cost of living, the ‌British Retail Consortium said on Tuesday.

UK food prices and shop price inflation slow in February

LONDON: British store chains raised their prices less quickly last month, offering some respite for consumers grappling with the cost of living, the British Retail Consortium said on Tuesday.

Shop price inflation eases – but food costs are still up from a year ago

Consumers are paying 3.5 per cent more for food than a year ago

Shop price inflation eases but food costs still 3.5% up on a year ago

Overall shop inflation fell slightly to 1.1% from January’s 1.5%, according to the British Retail Consortium and NIQ.

UK shopping visits plunge 4.7% as wettest February on record keeps shoppers home | The latest National and International News

Shoppers were put off by rain (PA) Jacob King UK shopping visits plunged by 4.7% in February compared to the previous year, reversing the tentative progress seen in January. The sharp decline came as exceptionally heavy rainfall kept shoppers away from high streets and retail centres, according to new data from the British Retail Consortium and Sensormatic. The wet weather hit all retail locations across the country. Shopping centres saw footfal…

Fierce retail competition tames UK prices

Annual shop price inflation eased to 1.1% in February, down from 1.5% in January, as retailers stepped up competitive pricing across food and non-food categories.The post Fierce retail competition tames UK prices appeared first on Retail Insight Network.