Falling prices
"Lower prices this August compared to last were driven by a combination of continuing promotional activity, softening oil prices and a global supply glut of wheat weighing on food prices," said Helen Dickinson, BRC chief executive.
The index showed that overall shop prices reported deflation of 2% in August, compared to a 1.6% decline in July. Non-food deflation rose to 2.5% in August from 2.2% in July.