Warning issued as UK households find ‘shopping increasingly expensive’
Shop price inflation has risen. Here’s why
- Shop price inflation in the UK sharply increased to 1.4 per cent in September, up from 0.9 per cent in August.
- This rise was primarily driven by rising non-food prices, which saw a significant shift from deflation to a 0.1 per cent year-on-year price change.
- Food inflation held steady at 4.2 per cent, ending a seven-month upward trend, though dairy and beef prices remain high due to production costs.
- Global factors, increased national insurance, escalating wage costs, and an upcoming packaging tax are contributing to the overall inflationary pressure.
- Industry figures warn that households are finding shopping "increasingly expensive," with retailers expected to offer promotions as consumers become more price-sensitive.