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Non-food prices drive up inflation in September
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The Independent
Read our Privacy noticeShop price inflation has jumped to 1.4% as global factors combined with higher national insurance and wage costs play out in prices for consumers, figures show.
The increase from August’s 0.9% came despite food inflation holding steady at 4.2%, and was driven by rising non-food prices, according to the British Retail Consortium (BRC)-NIQ Shop Price Monitor.
While non-food prices remain 0.1% lower than a year ago, this is a significant increase on August when they were 0.8% cheaper.
“The new packaging tax, set to take effect in October, will put further upward pressure on inflation.
“While retailers continue to absorb higher costs as much as possible and deliver value to customers, any further tax rises in the upcoming budget would keep shop prices higher for longer.