Shop Price Deflation Remains at 0.1% Year on Year in May
- Food inflation increased to 2.8% year-on-year in May
- Surge in the cost of fresh food drives the increase
- BRC-NIQ Shop Price Index reports the trend
Food inflation has risen to 2.8% year-on-year in May, marking the fourth consecutive month of increases, according to the BRC-NIQ Shop Price Index. The surge in the cost of fresh food is driving this trend. Overall shop price deflation remained unchanged at 0.1% year on year in May, compared to a decline of 0.1% in April, aligning with the three-month average of -0.2%.
Factuality Level: 10
Factuality Justification: The article provides accurate and concise information about the increase in food inflation and its cause without any digressions or misleading statements. It is based on a reliable source (BRC-NIQ Shop Price Index) and does not include any personal opinions or exaggerations.
Noise Level: 7
Noise Justification: The article provides relevant information about food inflation and its cause, but it could benefit from more context or analysis on the potential consequences or long-term trends related to this increase. It also lacks actionable insights or solutions for readers.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses food inflation, which is a financial topic as it relates to the cost of goods and can impact consumer spending. However, it does not specifically mention any direct impact on financial markets or companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text and it’s not a major topic. The article discusses food inflation, which is an economic issue but not considered as an extreme event.
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