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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
BRC-NielsenIQ Shop Prices fell 0.3% Y/Y in August for the first year-on-year decline since October 2021, having increased just 0.2% in July. On a monthly basis, Shop Prices were flat at 0% M/M (vs -0.1% prior).
- The Non-Food component remained in deflation for the fifth consecutive month at -1.5% Y/Y after -0.9% Y/Y in July, whilst food price inflation saw a sixteenth consecutive monthly moderation to 2.0% Y/Y from 2.3% Y/Y.
- On a monthly basis, the food component rose 0.2% (vs 0.1% prior) - albeit somewhat softer than pre-pandemic readings for August - whilst the non-food component fell 0.1% (vs -0.2% prior).
- The faster pace of deflation in non-food prices is eye-catching but note the increased divergence between BRC Nonfood prices and the ONS NEIG series in the chart below.
- Survey period: 1 to 7 August 2024.
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.
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