Posted 1/2/2024, 12:02:02 AM
Shop prices rise 4.3% again in Dec as non-food inflation offsets lower food costs
- Shop prices continued rising 4.3% in December, same as November, due to non-food price increases offsetting easing food costs
- Retailers warn upcoming EU border checks could further increase prices from April
- Food price inflation dropped to 6.7% in December, lowest since June 2022, helped by pre-Christmas falls in wine and fresh food costs
- Non-food prices bounced back 3.1% after Black Friday discounts and before January sales
- Supermarkets battled for Christmas shoppers with discounts on festive items like sprouts and turkeys amid high essential costs squeezing household budgets