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UK grocery price inflation edged up in October as shoppers flocked to supermarkets, with retail footfall hitting the busiest month since the pandemic. The data point suggests stronger consumer demand in food retail that could modestly slow headline disinflation, but is unlikely to materially alter Bank of England policy or broader markets on its own.

Analysis

UK grocery price inflation edged up in October as shoppers flocked to supermarkets, with retail footfall hitting the busiest month since the pandemic. The data point suggests stronger consumer demand in food retail that could modestly slow headline disinflation, but is unlikely to materially alter Bank of England policy or broader markets on its own.