{"id":11068,"date":"2023-11-28T08:06:36","date_gmt":"2023-11-28T08:06:36","guid":{"rendered":"https:\/\/dmsretail.com\/RetailNews\/shop-price-inflation-slows-to-17-month-low-in-november\/"},"modified":"2023-11-28T08:06:36","modified_gmt":"2023-11-28T08:06:36","slug":"shop-price-inflation-slows-to-17-month-low-in-november","status":"publish","type":"post","link":"https:\/\/dmsretail.com\/RetailNews\/shop-price-inflation-slows-to-17-month-low-in-november\/","title":{"rendered":"Shop price inflation slows to 17-month low in November"},"content":{"rendered":"<p> <p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/>\n<\/p>\n<div id=\"post-149884\">\n<div class=\"td-post-content tagdiv-type\">\n<div class=\"td-post-featured-image\"><img loading=\"lazy\" decoding=\"async\" width=\"696\" height=\"464\" class=\"entry-thumb\" src=\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2023\/01\/High-Street_footfall_general_ST-4-1-1-696x464.jpg\" srcset=\"https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2023\/01\/High-Street_footfall_general_ST-4-1-1-696x464.jpg 696w, https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2023\/01\/High-Street_footfall_general_ST-4-1-1-300x200.jpg 300w, https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2023\/01\/High-Street_footfall_general_ST-4-1-1-630x420.jpg 630w, https:\/\/www.retailgazette.co.uk\/wp-content\/uploads\/2023\/01\/High-Street_footfall_general_ST-4-1-1.jpg 700w\" sizes=\"auto, (max-width: 696px) 100vw, 696px\" alt=\"Inflation\" title=\"UK inflation eases back further in December thanks to falling fuel costs\"\/><\/div>\n<p>Shop price inflation fell to its lowest in 17 months in November as retailers stepped up discounting ahead of the festive shopping season.<\/p>\n<p>Shop prices were 4.3% higher than last November, down from October\u2019s 5.2% and the lowest inflation since last June, according to the latest BRC-NielsenIQ Shop Price Index shows.<\/p>\n<p>Food inflation slowed to 7.8% from October\u2019s 8.8%, particularly for dairy products, due to lower domestic energy prices reducing overall input costs.<\/p>\n<p>Non-food inflation fell to 2.5% down from 3.4% last month.<\/p>\n<hr\/>\n<h5 style=\"text-align: center;\"><strong>Subscribe to Retail Gazette for free<\/strong><\/h5>\n<p style=\"text-align: center;\"><span class=\"x_al\">Sign up\u00a0here\u00a0to g<\/span><span class=\"x_al\">et the latest news straight into your inbox each morning<\/span><strong><span class=\"al\">\u00a0<\/span><\/strong><\/p>\n<hr\/>\n<p>However, BRC chief executive Helen Dickinson warned that business rate rises and National Living Wage increases would \u201clikely\u201d stall or even reverse falling inflation.<\/p>\n<p>Dickinson said: \u201cRetailers are committed to delivering an affordable Christmas for their customers.<\/p>\n<p>\u201cThey face new headwinds in 2024, from Government-imposed increases in business rates bills to the hidden costs of complying with new regulations.<\/p>\n<p>\u201cCombining these with the biggest rise to the National Living Wage on record will likely stall or even reverse progress made thus far on bringing down inflation, particularly in food.\u201d<\/p>\n<p><em><strong>Click here to sign up to Retail Gazette\u2018s free daily email newsletter<\/strong><\/em><\/p>\n<\/p><\/div>\n<footer>\n<\/footer>\n<\/div>\n<p><p><a href=\"https:\/\/dmsretail.com\/online-workshops-list\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-496\" src=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png\" alt=\"Retail Online Training\" width=\"729\" height=\"91\" srcset=\"https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90.png 729w, https:\/\/dmsretail.com\/RetailNews\/wp-content\/uploads\/2022\/05\/RETAIL-ONLINE-TRAINING-728-X-90-300x37.png 300w\" sizes=\"auto, (max-width: 729px) 100vw, 729px\" \/><\/a><\/p><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shop price inflation fell to its lowest in 17 months in November as retailers stepped up discounting ahead of the festive shopping season. Shop prices [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11069,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-11068","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazines"],"_links":{"self":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/11068","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/comments?post=11068"}],"version-history":[{"count":0,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/posts\/11068\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media\/11069"}],"wp:attachment":[{"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/media?parent=11068"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/categories?post=11068"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dmsretail.com\/RetailNews\/wp-json\/wp\/v2\/tags?post=11068"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}