"In the period between 1 to 7 November shop price inflation decreased to 0.6% year on year in November, against growth of 1.0% in October. This is below the 3-month average of 1.0%. Non-Food inflation decreased to -0.6% year on year in November, against a decline of -0.4% in October. This is below the 3-month average of -0.3%. Food inflation decreased to 3.0% year on year in November, against growth of 3.7% in October. This is below the 3-month average of 3.7%. Fresh Food inflation decreased to 3.6% year on year in November, against growth of 4.3% in October. This is below the 3-month average of 4.0%. Ambient Food inflation decreased to 2.4% year on year in November, against growth of 2.9% in October. This is below the 3-month average of 3.2%."
""Black Friday deals began earlier than normal as competition between retailers hit fever pitch. "Savvy shoppers picked up some great deals across health & beauty, electricals and fashion. While food price inflation remains elevated, widespread promotions meant price rises eased over the month, especially in dairy, fruit, breads, and cereals. "Inflation remained stubbornly high for oils and fats, and meat and fish, as climbing input costs passed through from producers. "With Budget uncertainty behind us, retailers are hoping that consumer confidence rebounds in this crucial trading period and they will continue doing everything they can to keep prices down and help customers' money go further this Christmas.""
Shop price inflation fell to 0.6% year‑on‑year between 1–7 November, down from 1.0% in October and below the three‑month average. Non‑food inflation moved deeper into deflation at -0.6%, while overall food inflation eased to 3.0%. Fresh food inflation declined to 3.6% and ambient food inflation to 2.4%, both below recent three‑month averages. Early Black Friday promotions reduced prices across health & beauty, electricals and fashion and eased some food price rises, particularly dairy, fruit, breads and cereals. Persistent inflation remains for oils, fats, meat and fish, and rising employment costs pose future upside pressures on prices and confidence.
Read at London Business News | Londonlovesbusiness.com
Unable to calculate read time
Collection
[
|
...
]