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UK DATA: BRC-NielsenIQ: Annual Shop Prices Fall For Third Consecutive Month

UK DATA
Data BulletCEEMEABulletUKGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets

BRC-NielsenIQ Shop Prices remained in deflation territory for a third consecutive month in October, printing -0.8% Y/Y (-0.6% prior), the lowest rate since August 2021. On a monthly basis, Shop Prices edged up 0.1% M/M (vs a fall of 0.2% in September).

  • The Non-Food component remained unchanged at -2.1% Y/Y, remaining in deflation for the seventh successive month. Meanwhile, Food Price inflation softened to 1.9% Y/Y, the lowest reading since November 2021.
  • On a monthly basis, the food component was flat (0% M/M vs 0.2% prior), and the non-food component rose 0.1% (vs a fall of 0.5% in September).
  • The continued decline in non-food prices and softening in food prices further towards pre mid-2021 levels will be welcomed by the MPC committee as a potential signal for further softening in inflation in October.
  • Survey period: 1 to 7 October 2024.
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BRC-NielsenIQ Shop Prices remained in deflation territory for a third consecutive month in October, printing -0.8% Y/Y (-0.6% prior), the lowest rate since August 2021. On a monthly basis, Shop Prices edged up 0.1% M/M (vs a fall of 0.2% in September).

  • The Non-Food component remained unchanged at -2.1% Y/Y, remaining in deflation for the seventh successive month. Meanwhile, Food Price inflation softened to 1.9% Y/Y, the lowest reading since November 2021.
  • On a monthly basis, the food component was flat (0% M/M vs 0.2% prior), and the non-food component rose 0.1% (vs a fall of 0.5% in September).
  • The continued decline in non-food prices and softening in food prices further towards pre mid-2021 levels will be welcomed by the MPC committee as a potential signal for further softening in inflation in October.
  • Survey period: 1 to 7 October 2024.