π¬π§ Non-food prices have turned positive in the UK, and the Budget is why
The day in view
π¬π§ Non-food prices have turned positive in the UK, and the Budget is why
BRC-NIQ shop prices rose 1.2% year-on-year in May 2026, beating consensus, as non-food turned positive for the first time since late 2024. Three weeks from the June MPC meeting, the BoE's rate-cut case just got harder to make.