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UK DATA: BRC-NielsenIQ: Annual Shop Prices Fall for the Second Consecutive Month

UK DATA
CEEMEAData BulletBulletUKGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

BRC-NielsenIQ Shop Prices fell further printing -0.6% Y/Y in September, (vs -0.3% in August) the second consecutive negative year-on-year print. On a monthly basis, Shop Prices also fell by 0.2% M/M (vs 0.0% prior). 

  • The Non-Food component remained in deflation for the sixth consecutive month at -2.1% Y/Y, after -1.5% in August, whilst Food price inflation firmed to 2.3% Y/Y after sixteen months of moderation (2.0% prior).
  • On a monthly basis, the food component rose 0.2% (0.2% prior), whilst the non-food component fell 0.5% M/M from -0.1% in August.
  • The rebound in food prices follows a couple of months where the official ONS food CPI component has been relatively stable while ONS CPI core goods prices have moved marginally into positive Y/Y growth amid continued falls for the BRC non-food price series.
  • Survey period: 1 to 7 September 2024.

 

 

 

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BRC-NielsenIQ Shop Prices fell further printing -0.6% Y/Y in September, (vs -0.3% in August) the second consecutive negative year-on-year print. On a monthly basis, Shop Prices also fell by 0.2% M/M (vs 0.0% prior). 

  • The Non-Food component remained in deflation for the sixth consecutive month at -2.1% Y/Y, after -1.5% in August, whilst Food price inflation firmed to 2.3% Y/Y after sixteen months of moderation (2.0% prior).
  • On a monthly basis, the food component rose 0.2% (0.2% prior), whilst the non-food component fell 0.5% M/M from -0.1% in August.
  • The rebound in food prices follows a couple of months where the official ONS food CPI component has been relatively stable while ONS CPI core goods prices have moved marginally into positive Y/Y growth amid continued falls for the BRC non-food price series.
  • Survey period: 1 to 7 September 2024.