Shop price inflation has dipped to its lowest level in more than three years, driven by big discounts and fierce competition, the latest data has found.
September was a good month for bargain hunters, according to the British Retail Consortium (BRC) and NielsenIQ Shop Price Index. Consumers benefited from cheaper overall prices, which were 0.6 percent lower than they were a year ago.
Last month’s figures were also an improvement on August, when shop price deflation of 0.3 percent was recorded. Monthly prices have been dropping in seven of the last nine months, said BRC Chief Executive Helen Dickinson.
Big discounts by retailers, which remain highly competitive, pushed shop price inflation down.
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Shop Price Inflation Falls to Lowest Level in More Than 3 Years
- by: Evgenia Filimianova
- 2024-10-01
- Source:
The Epoch Times
- 10/01/2024
Young woman in supermarket on Bali island. by Artem Beliaikin is licensed under flickr CC0 1.0 Universal (CC0 1.0) Public Domain Dedication
Young woman in supermarket on Bali island. by Artem Beliaikin is licensed under flickr CC0 1.0 Universal (CC0 1.0) Public Domain Dedication
