The latest Shop Price Index from the British Retail Consortium shows that shop prices increased by 0.4% in January, the fastest pace of annual growth in nearly six years. Despite this uplift, experts have warned that inflation is not currently a risk provided the UK can avoid a no-deal Brexit. 

The latest BRC-Nielsen Shop Price Index shows that overall inflation accelerated to 0.3% last month compared to a year ago, and up from 0.1% in November.

The latest Shop Price Index from the British Retail Consortium was released last night, and the top line figures show good news for the UK retail sector as strong consumer demand has seen the price of goods increase by 0.2%.