UK data - BRC Shop Price Index Aug: +0.1% y/y (prev –0.3%)

This is the first rise for this economic indicator from the British Retail Consortium (BRC) for more than 5 years!

+0.1% y/y in August

• Closing out a run of 63 months of falling prices

BRC citing:

• impact of a hot dry summer on food prices
• higher international oil price
• food prices +1.9% y/y in August
• non-food -1.0% y/y