UK shop price inflation rose at slowest pace since October 2021 in June

British Retail Consortium (BRC) June 2024 data

• 0.2% on a monthly basis compared to 0.6% in May
• Lowest increase since October 2021

Comment on the report:

• “This will be helpful for shoppers as they plan their household budgets for essential goods and services,” said Mike Watson, head of retail and commercial analysis at Nielsen IQ, which provides data to the British Retail Council. “With uncertainty around discretionary spending, we expect intense market competition to keep price increases to a minimum this summer.”

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This article was written by Eamonn Sheridan on www.forexlive.com.