Prices in shops rose in August at the slowest pace in nearly a year, according to industry data out today
The British Retail Consortium said annual shop price inflation cooled to 6.9% in August, its lowest since October 2022, weakening from 7.6% in July.
Food price inflation fell to 11.5% from July’s 13.4%, driven by slower increases for meat, potatoes and some cooking oils. Non-food inflation held at 4.7%.
“These figures would have been lower still had the government not increased alcohol duties earlier this month,” BRC Chief Executive Helen Dickinson said.
