UK July Shop Prices Rise 1.5% On Year - BRC

(RTTNews) - Shop prices in the UK were up 1.5 percent on year in July, the British Retail Consortium said on Wednesday - in line with expectations and maintaining the same rate of growth as in the previous month.

Food price inflation climbed an annual 2.5 percent in July, the data showed, after adding 1.7 percent in June. The increase was driven by a spike in the price for wheat and animal feed, along with palm oil, cocoa and soy oil.
Non-food prices were up 1.0 percent on year in July, slowing from the 1.4 percent annual expansion in June. Causing the decline, prices fell in the clothing, furniture, electronics and entertainment sectors.