Shop prices drop at fastest rate in over three years

Shop prices are falling overall but the cost-of-living crisis is not yet over as households navigate price rises in other areas

Close-up shot of woman carrying shopping basket
(Image credit: Getty Images)

Declining clothing and furniture costs have helped push shop prices down by the fastest rate in more than three years, offering some light relief to households struggling with inflation and the cost-of-living crisis.  

The latest figures from the British Retail Consortium (BRC) show shop price deflation was -0.6% in September, down from -0.3% the month before. This is the lowest rate since August 2021. Non-food categories have been the main driver. 

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Katie Williams
Staff Writer

Katie has a background in investment writing and is interested in everything to do with personal finance, politics, and investing. She enjoys translating complex topics into easy-to-understand stories to help people make the most of their money.

Katie believes investing shouldn’t be complicated, and that demystifying it can help normal people improve their lives.

Before joining the MoneyWeek team, Katie worked as an investment writer at Invesco, a global asset management firm. She joined the company as a graduate in 2019. While there, she wrote about the global economy, bond markets, alternative investments and UK equities.

Katie loves writing and studied English at the University of Cambridge. Outside of work, she enjoys going to the theatre, reading novels, travelling and trying new restaurants with friends.