UK shop prices increased for the first time in more than five years in August, the British Retail Consortium said Wednesday.
Shop prices edged up 0.1 percent in August, following a 0.3 percent drop in July. This broke a deflation cycle of 63 months, BRC said.
Higher food price inflation as well as lower non-food price deflation contributed to the return of shop prices to inflation. Nonetheless, shop price inflation remained well below the headline consumer price inflation.
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