Shop prices soar as inflation hits highest rate since 2008

Shopper checking the price of a supermarket item

According to the latest BRC-NielsenIQ Shop Price Index data, shop price annual inflation accelerated to 3.1% in June, up from 2.8% in May - above both the six and 12 month average increases and its highest point since September 2008. 

Food inflation surged 5.6% in June, up from 4.3% in May - the highest rate since June 2011. 

Non-food inflation decelerated 1.9%, having jumped 2% in May. Despite the fall, non-food inflation remains close to the highest it has been since the shop price index began. 

 

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