# UK shop price inflation at lowest in a year – BRC
Published: 2023-10-03
Category: Headlines
Category URL: https://blockchaintribune.com/category/headlines/
Meta Title: UK shop price inflation at lowest in a year - BRC
Meta Description: British store chains saw the slowest price rise in a year, with food and non-food inflation easing. Discover more on the trend and future risks.
Tags: h2
Tag URLs: h2 (https://blockchaintribune.com/tag/h2/)
URL: https://blockchaintribune.com/uk-shop-price-inflation-at-lowest-in-a-year-brc/

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## UK shop price inflation at lowest in a year – BRC   LONDON (Reuters) – Prices in British store chains rose at the slowest pace in a year in September, according to industry data that adds to signs that the UK’s high inflation rate is set to extend its recent fall.    The British Retail Consortium said annual [shop](https://blockchaintribune.com/uk-shop-prices-dip-for-first-time-in-nearly-3-years-survey-shows/) price inflation cooled to 6.2% last [month](https://blockchaintribune.com/uk-retail-sales-rise-by-0-8-in-october-ons/) from 6.9% in August, its lowest since September 2022.    Food price inflation fell for the fifth month in a row to 9.9% from 11.5% and was down for the first time in more than two years in month-on-month terms.    Non-food inflation eased to an annual 4.4% from 4.7%.    “We expect shop [price](https://blockchaintribune.com/novo-nordisk-faces-us-congressional-grilling-over-price-of-weight-loss-drugs-ft-reports/) inflation to continue to fall over the rest of the year,” BRC Chief Executive Helen Dickinson said.    “However there are still many risks to this trend – high interest rates, climbing oil prices, global shortages of sugar, as well as the supply chain disruption from the war in Ukraine.”    The BRC’s [shop](https://blockchaintribune.com/uk-shop-prices-dip-for-first-time-in-nearly-3-years-survey-shows/) price inflation measure is seen as an early signal for the broader official consumer price index which has fallen from a peak of over 11% last October to 6.7% in August.    The Bank of England paused its run of interest rates in September after 14 back-to-back increases but has stressed it will probably keep them high for a period to squeeze inflation pressures out of the economy.        (Writing by William Schomberg; editing by Grant McCool)


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