Bumper crops help to keep down store prices, despite war in Middle East

SHOP price inflation remained unchanged in June despite warnings of looming price hikes as a result of the Middle East crisis.

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Prices remained 1.2% higher than a year ago in June, although this was above the three-month average of 1.1%, the British Retail Consortium (BRC) and NIQ said.

Inflation on non-food products increased slightly to 0.6% from May's 0.5%, but food inflation fell to 2.4% from 2.7%.

Fresh food inflation saw a significant fall to 2.8% from May's 3.4%, as bumper crops of local produce helped to keep prices down.