UK grocery inflation unchanged for December breaking declining trend

Remains at 4.3%

clock • 2 min read

The UK’s shop price inflation remained at 4.3% for December 2023, breaking up six consecutive months of declines.

The latest figures from the British Retail Consortium (BRC) trade body, which represents biggest retailers, showed that December's figures matched November's results, as the price increase on non-food items offset easing costs on food. December's results were still below the 15.7% peak recorded in April 2023. Food specific inflation was 2.2% of the total figure and decreased to 6.7% year-on-year, down from 7.8% in November. UK grocery inflation slows again as staple food prices drop for first time in a year Non-food contributed to 2.1% of the headline figure and rose to 3.1%, up...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot