Shop Price Index

Year-on-Year: The BRC-Nielsen Shop Price Index for February showed that annual shop price inflation was 1.3% higher, up from 1.2% in January and the highest rate of inflation since the series began. The increase was driven by food inflation which also accelerated to its highest rate since the beginning of the series, rising to 4.6% compared to a year ago. Non-food deflation continued with prices 0.3% lower in February compared to the previous year, increasing from January's year-on-year rate of -0.2%.

Month-on-Month: On a month-on-month basis, shop prices rose 0.4% in February from January when they had fallen 0.5%. This was mainly driven by inflation in the non-food sector as prices increased by 0.4% this month compared to last after January's month-on-month fall of 1.0%. A slight increase in food prices also contributed to the overall rise with prices up 0.6% in February compared with the previous month.