Store worth inflation pushed up by rising meals prices

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Your assist makes all of the distinction. Learn extra Store worth inflation edged up in December as meals worth rises continued so as to add strain to family budgets, figures point out.

Meals inflation elevated to three.3%, up from November’s 3% and much outstripping wider store worth inflation of 0.7%, based on the British Retail Consortium (BRC) and NIQ information.

Recent meals inflation elevated larger nonetheless to three.8%, up from 3.6% in November however under the three-month common of three.9%.

However deflation on merchandise aside from meals remained regular at 0.6% amid widespread promotions throughout in style gifting classes, together with toys, books, and residential leisure.

BRC chief govt Helen Dickinson mentioned: “Store worth inflation edged up in December as meals costs rose at a quicker charge.

“Nonetheless, customers nonetheless discovered loads of worth throughout many Christmas necessities together with greens, cheeses, and alcohol, serving to households to benefit from the festive season.”

She mentioned: “This yr, retailers will proceed to do all they'll to maintain costs down.

“Whereas falling vitality costs and improved crop provide ought to assist ease some value pressures, elevated public coverage prices and regulation will possible maintain inflation sticky.”

Mike Watkins, head of retailer and enterprise perception at NIQ, mentioned: “This Christmas, customers remained cautious, prioritising affordability.

“Retailers labored onerous to encourage spending by protecting provide chain worth will increase to a minimal, and plenty of meals retailers diminished costs in December to assist demand.

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“Waiting for 2026, though inflation has peaked, weak shopper sentiment is more likely to persist, so customers will proceed to hunt out decrease costs and promotional gives.”