FXstreet.com (Barcelona) - Price growth has slowed down somewhat in December, compared to November in the UK although food inflationary pressures have been pushing prices higher in 10 out of the 12 months of 2007, as the latest BRC shop prices index shows.
In December, prices have posted a 0.2% increase in the UK, below the 0.5% rise posted in November. Inflationary pressure came, this time, mainly from non-food products, whose prices came up higher than the food products' ones. Non food prices increased 0.2% in December, while food inflation decreased to a 0.1% in December, from 0.7% in November.
On the year, inflation has increased 1.0% in the UK, down from the 1.1% rise posted in November. Food prices increases, which have caused most of the year on year increases, have eased this time to a 3.8% rise year-on-year from the 4.3% rise posted in November. The main downward pressure came from Clothing & Footwear and Electrical sectors, which helped to keep overall non-food prices down.