UK
shop
price
inflation
was
unchanged
at
4.3%
in
December,
its
lowest
in
18
months,
but
the
British
Retail
Consortium
warned
on
Tuesday
that
cost
pressures
threaten
to
put
an
end
to
easing
inflation
in
2024.
The
BRC-NielsenIQ
shop
price
index
was
up
4.3%
in
December
from
a
year
before,
the
annual
rise
slower
than
the
three-month
average
rate
of
4.6%
and
the
lowest
since
June
2022.
The
index
was
compiled
from
data
collected
in
the
first
week
of
December.
Food
price
inflation
slowed
to
6.7%
last
month
from
7.8%
in
November.
Fresh
food
price
rose
by
5.4%
annually
in
December,
slowing
from
6.7%
the
month
before,
while
ambient
food
inflation
slowed
to
8.4%
from
9.2%.
However,
non-food
price
inflation
picked
up
to
3.1%
in
December
from
2.5%
in
November.
This
still
was
the
slowest
for
the
category
since
September
2022,
BRC
noted.
On
a
monthly
basis,
overall
shop
prices
in
the
UK
were
up
0.4%
in
December
from
November,
led
by
a
0.5%
rise
in
non-food
prices,
while
food
prices
were
unchanged.
BRC
chief
executive
Helen
Dickinson
explained
that
non-food
prices
rose
in
December,
after
retailers
invested
in
discounting
for
the
Black
Friday
event
in
November
and
before
the
January
sales.
“Retailers
will
continue
to
do
all
they
can
to
keep
prices
down
in
2024,
but
there
are
obstacles
on
the
road
ahead,”
Dickinson
said.
“New
border
checks
for
EU
imports,
hundreds
of
millions
more
on
business
rates
bills
from
April.”
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