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IPC Index — Mexico MarketUK shop price inflation eased to 0.6% in November 2025 from 1.0% in the prior month, marking a second consecutive monthly decline and the lowest rate since June, according to the British Retail Consortium and NielsenIQ. The latest reading came in below the three-month average of 1.0%, reflecting earlier and more aggressive Black Friday discounting. Food inflation slowed (3% vs 3.7% in October), undershooting its three-month average of 3.7%, though items such as oils, fats, meat, and fish remained elevated. Meanwhile, non-food prices fell further (-0.6% vs -0.4%), below the three-month average of a 0.3% fall. BRC Chief Executive Helen Dickinson said that with budget uncertainty now resolved, retailers are hopeful that confidence will recover during the crucial holiday trading period, adding that they will continue working to keep prices down. However, she warned that rising employment costs in the new year could feed into prices, potentially weighing on already fragile consumer mood.
