Bank of England

UK Shop Prices Fall Faster But Retailers Warn Of Budget Risks – BRC

Prices in UK shops fell at their fastest pace in more than three years this month, the British Retail Consortium (BRC) said on Tuesday.

Prices in British shops fell at the fastest pace in more than three years in September, the British Retail Consortium (BRC) said on Tuesday.

UK grocery inflation has fallen this month to its lowest level since September 2021, data from market researcher Kantar showed on Tuesday.

British inflation returned to its 2% target on Wednesday for the first time since 2021, but underlying price pressures remained strong.

Prices in UK shops rose at their slowest pace in two and a half years this month according to the British Retail Consortium.

Lidl UK has said it will raise wages for staff by 3% in June, which will give workers in the discounter their third pay rise in 12 months.

Households in the UK reported feeling positive about their personal finances for the first time in two years, a survey has shown.

British inflation fell more in February than economists and the Bank of England (BoE) had expected, it was reported this morning.

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