UK Business Morning: Inflation Surge in Food Prices Amid Deflation in Non-Food Goods
In this episode, Alice and Lewis explore the latest inflation data revealing a sharp rise in food prices while non-food goods remain in deflation. They discuss the factors driving these trends, including weather, supply chains, and government policies.
Join Alice and Lewis as they break down the latest UK inflation data, where food price inflation hits 3.7% year on year, driven by rising costs in fresh produce, meat, and ambient goods. Meanwhile, non-food goods continue to see deflation as retailers cut prices. Helen Dickinson from the BRC and Mike Watkins from NielsenIQ weigh in on the impact of the Autumn Budget, climate change, and supply chain challenges. With the government’s upcoming business rates reform, what opportunities exist to ease cost pressures on retailers? Tune in for a comprehensive look at the evolving retail landscape in the UK.
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