Mike Watkins News
29.08 / 08:25
economics
inflation
UK
BRC
British Retail Consortium
Low
UK shop price inflation slows to 10-month low
Food inflation fell to 11.5% from 13.4% in July.
12.07 / 23:30
CEO
Food
reports
UK shop price inflation hits lowest level since October 2021
According to data from the British Retail Consortium and reported by the FT, UK store prices fell 0.2% compared to May, down to the lowest level since October 2021, with both food and non-food items' prices contracting. Food price inflation declined from 3.2% in May to 2.5% in June, with the price fall driven by key products such as butter and coffee, BRC CEO Helen Dickinson argued. Meanwhile, the non-food sector remained in deflation, with prices hitting -1% compared to -0.8% a prior month. Shop price inflation falls to lowest level since November 2021 Mike Watkins, head of r...
02.04 / 10:07
CEO
economy
Food
UK shop price inflation drops to two-year low in March
Shop price annual inflation eased to 1.3% in March, down from 2.5% in February, making it the first figure below 2% in over two years and below the three-month average of 2.2%. Revised GDP figures confirm UK economy fell into a recession last year On a monthly basis, food prices fell by 0.3%, while non-food prices declined 0.4%. Mike Watkins, head of retailer and business insight at NielsenIQ, said a «key driver» of the slowdown was a fall in food prices, but «intense competition» among retailers also contributed. UK consumer confidence stalls in March Helen Dickinson, CEO of...
31.10 / 09:41
inflation
Bank of England
UK
Interest rates
British Retail Consortium
Low
Food price inflation drops to 15 month low
Overall shop price inflation slowed for the fifth consecutive month to 5.2%, its lowest rate since August 2022. This is likely to bring the headline Consumer Prices Index down from its current level of 6.7%.
03.10 / 09:23
inflation
UK
Cost of Living
BRC
Food Prices
Time
fall
Food prices fall for first time in two years
Lower grocery inflation will be welcomed by households, where budgets remain under pressure.
01.08 / 14:23
Nielsen
inflation
UK
food inflation
Shop price inflation falls to lowest level of 2023
Food price inflation also slowed to its lowest level this year, with falling prices across key staples such as oils, fats, fish, and breakfast cereals.
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