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Uk data - BRC Shop Price Index +8.4% y/y (prior +9%)

Uk data  - BRC Shop Price Index +8.4% y/y (prior +9%)
British Retail Consortium monthly shop price index, a monthly measure of UK shop price inflation.BRC survey results showed that prices in supermarkets and retail chains rose 8.4% in June y/yprior was 9.0% in May, the highest rate since the BRC's records began in 2005BRC comments: "If the current situation continues, food inflation should drop to single digits later this year." BRC chief executive Helen Dickinson The drop will be welcomed by the Bank of England, which hiked its Bank rate by 0.5%... Read More
Posted: Jun 26 2023, 23:14
Author Name: forexlive
Views: 081055

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