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 shop prices continued to fall in February, led by non-food prices, as the third lockdown limits consumer spending across all income brackets, Helen Dickinson, OBE, Chief Executive from the BRC said. "Meanwhile, despite Brexit-related costs, food inflation remained steady thanks to fierce competition between grocers to maintain their market share amidst declining incomes for some UK households" she added.
"However, consumers could face higher prices in the future as a result of rising global food prices, shipping costs, and Brexit red tape," Dickinson added.
The BRC-Nielsen shop price index decreased by 2.4% year-on-year in February, its lowest level since May 2020. Food inflation remained at January's 0.2%, the lowest rate since January 2017.
Source: BRC-Nielsen Shop Price Index
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.