UK shop price inflation accelerated to the highest since early last year in August due to higher food prices, the British Retail Consortium reported Tuesday.
Shop price inflation rose to 0.9 percent in August from 0.7 percent in July. This was the highest since March last year.
The increase was driven by the annual rise in food inflation to 4.2 percent from 4.0 percent in July. Meanwhile, non-food prices declined 0.8 percent, following a 1.0 percent drop a month ago. Month-on-month, shop prices logged a steady growth of 0.2 percent in August.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.