Shop price inflation falls for first time in 2023
Non-food inflation ‘remains elevated’ but decreased to 5.5% in April, down from 5.9% in March. This is below the 3-month average rate of 5.6%
Shop price inflation is thought to have peaked in the first week of April, according to the BRC, after it declined to 8.8%, down slightly from 8.9% in March.