Consumers benefitted from falling shop prices in January

Overall shop prices reported deflation of 1.7% in January, an acceleration from the 1.4% fall in December. Non-food deflation accelerated to 2.3% in January, deeper than the 1.9% decline in the previous month. Food deflation accelerated to 0.8% in January from the 0.7% decline in December. This compares with a 0.7% fall on a 3-month […]