Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
UK DATA
MNI (London)
UK SEP BRC SHOP PRICE INDEX +0.7% M/M; AUG +1.1% M/M
UK SEP BRC SHOP PRICE INDEX +5.7% Y/Y; AUG +5.1% Y/Y
- UK shop prices continued to rise in September. The headline index accelerated for the 13th consecutive month, up 0.6pp at a fresh high at +5.7% y/y (the series began in 2005).
- Food inflation was the key driver, at a series high of +10.6% y/y. The Ukraine war has pushed up the costs of fertilisers, animal feed and cooking oil, which in conjunction with the summer drought in the UK has generated substantially higher food prices.
- As the pound hovers around historic lows, higher fuel and goods import costs will see increased shop prices over coming months. This in conjunction with slowing demand due to falling disposable incomes signals that the UK retail sector will contract again in the BRC's September report due Oct 10.
Source: ONS
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok