In January, UK shop price inflation fell to 2.9%, its lowest in over a year, due to retailers' significant discounts & lower wholesale costs.

In January, shop price inflation in the UK fell to 2.9%, its lowest level in over a year, as retailers offered significant discounts to attract customers. The British Retail Consortium (BRC) attributed the drop to lower wholesale costs allowing supermarkets to lower prices on certain goods. This decline in inflation is expected to provide some relief to consumers amid the ongoing cost-of-living crisis.

January 30, 2024
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