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BRC SHOP PRICE INDEX JANUARY 2006: JANUARY SALES DRIVE PRICES DOWN
8 February 2006
The BRC Shop Price Index (SPI) inflation rate for January showed overall prices were 0.57% lower than in January 2005. The overall index stands at 100.39 compared to 100.97 in January 2005.
For the first time since August 2000, food prices were lower than a year ago, by 0.52%. This was despite an increase of 0.22% from December 2005. The food index now stands at 113.68 compared to 114.27 in January 2005.
The price of non-food items showed a year-on-year decline for the eighth consecutive month. Non-food prices are now 0.58% lower than in January 2005. The non-food index now stands at 92.96 compared to 93.49 in January 2005.
Overall, shop prices in January fell by 0.27% from December. Non-food prices dropped back 0.50% and food prices increased by 0.22%. The overall index stands at 100.39 compared to 100.66 in December 2005.
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