This was a 0.2% drop versus the previous month, contributing to a three0month average of 0%, according to data from the British Retail Consortium-NielsenIQ shop price index.
Shop price annual growth stayed at its lowest rate since October 2021, with the non-food category driving the lion’s share of the slowdown as retailers attempted to shift their summer stock.
Hopes of September ECB rate cut dashed as eurozone inflation jumps to 2.6%
The non-food category remained in deflation at -1.5% in August, down from -0.9% in the previous month.
According to Helen Dickinson, chief execut…
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