UK shop price inflation falls for first time since October – BRC survey

The latest survey conducted by the British Retail Consortium (BRC) and market research group Nielsen showed on Wednesday that the UK shop price inflation decelerated in early April for the first time in six months.

Key Findings:

“British shop prices were 0.4 percent higher than a year ago in April, compared with 0.9 percent in March.

The official measure of annual consumer price inflation - which covers a much wider range of goods and services - stood at 1.9 percent in March, close to the two-year low of 1.8 percent struck in January.

Clothing and footwear saw the most widespread discounts, followed by home improvement goods and fresh food.”