Inflation Surges as Non-Food Prices Climb Highest Since 2013
- Shop price inflation hits six-year high in February
- Non-food prices rose by 0.2% year-on-year
- Food inflation increased to 1.6%
- BRC attributes the rise to currency depreciation and oil prices
- Helen Dickinson warns of potential impact of no-deal Brexit on prices
Shop price inflation reached a six-year high in February, with non-food prices rising by 0.7% and food inflation increasing to 1.6%. The British Retail Consortium (BRC) attributes the surge to currency depreciation in 2016 and rising oil prices. BRC CEO Helen Dickinson warns that a no-deal Brexit could lead to even higher prices due to tariffs, border delays, and currency depreciation.
Factuality Level: 8
Factuality Justification: The article provides accurate information about shop price inflation rates and includes relevant quotes from the BRC CEO Helen Dickinson regarding potential impacts of a no-deal Brexit on prices.
Noise Level: 3
Noise Justification: The article provides relevant information about shop price inflation and its causes, as well as a warning about potential consequences of a no-deal Brexit. It stays on topic and supports its claims with data. However, it could benefit from more in-depth analysis or discussion of the underlying factors contributing to the inflation.
Financial Relevance: Yes
Financial Markets Impacted: Retail industry, food and non-food sectors
Financial Rating Justification: The article discusses shop price inflation rates and its impact on the retail industry, specifically in the food and non-food sectors. It also mentions potential consequences of a no-deal Brexit on prices and financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the text.
www.retailsector.co.uk