Shop price inflation set to rise again

The rate of inflation of goods sold in shops increased in December and consumers were warned that more price hikes are on the way, according to a report published today.

Shop prices were 2.1 per cent more expensive in December than a year ago, as the rate crept up from 2 per cent in November, driven by the rising cost of non-food items, according to the British Retail Consortium and Nielsen.

Food price inflation stayed at 4 per cent in December, but non-food inflation rose to 1.1 per cent from 0.9 per cent.