Britain's April shop price inflation falls to 0.8%, with food and non-food price deflation, due to retailer competition.
Britain is experiencing positive economic indicators, with shop price inflation falling to 0.8% in April, its lowest since December 2021. Both food and non-food price inflation are decreasing, and non-food prices have entered deflation at -0.6%. These declines are attributed to fierce competition and promotions among retailers, particularly in footwear and clothing. The British Retail Consortium's shop price index shows annual inflation easing, providing relief to households.
April 29, 2024
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