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UK shop price inflation indicator down a touch in April, but food prices continue to surge

UK shop price inflation indicator down a touch in April, but food prices continue to surge
British Retail Consortium (BRC) inflation indicator for April 2023 (survey conducted April 1 to 7):Overall inflation among BRC members 8.8% y/y, from March's 8.9%Food prices at British supermarkets +15.7% y/y, the biggest annual increase in records going back to 2005price increases for non-food items slowed due to heavy discounting of clothing, footwear and furnitureBRC chief executive Helen Dickinson:"We should start to see food prices come down in the coming months as the cut to wholesale pric... Read More
Posted: May 1 2023, 23:28
Author Name: forexlive
Views: 101974

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