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UK shop price inflation in June rose at the lowest rate since October 2021

Started by forex4you, Jul 02, 2024, 06:10 am

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UK shop price inflation in June rose at the lowest rate since October 2021

British Retail Consortium (BRC) data for June 2024

  • 0.2% m/m vs. 0.6%in May
  • the smallest increase since October 2021

Comment from the report:

  • "This will be of help to shoppers as they plan their
    household budgets for essential goods and services," said Mike
    Watson, head of retailer and business insight at NielsenIQ,
    which provides data for the BRC.
        "With uncertainty around discretionary spending, we expect
    the intense competition across the marketplace to keep price
    increases as low as possible this summer."

    The focus for the UK this week is the general election on July 4. A change of government is the unanimous expectation.

UK Pm Sunak is presiding over slowing inflation, but its all too little, too late.



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

Source: UK shop price inflation in June rose at the lowest rate since October 2021

forexlive.com
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