8 Articles
8 Articles
Inflation in UK shops now back at 'normal levels' - as prices for some items fall
Researchers said shops had been cutting non-food prices in an attempt to revive "subdued" demand for big-ticket items. It came following a sharp fall in retail sales in April amid heavy rainfall across much of the country.
UK shop price growth back to normal, retailers say
LONDON (Reuters) – Prices in British shops rose at the slowest pace in 2-1/2 years this month, according to the British Retail Consortium which said the rate of inflation in the sector was back to normal after its surge. In a latest sign of easing inflation pressure that will be welcomed by the Bank of England, annual shop price inflation slowed to 0.6% in May from 0.8% in April, the smallest increase since November 2021, the BRC said. Price…
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