Business, Stock markets, FTSE, Euro, European Central Bank, Currencies Business | The Guardian
Rolling coverage of the latest economic and financial news, as ECB policymakers indicates June rate cut is a done dealInflation in UK shops falls amid price cuts on furniture and TVsUK retailers are declaring that shop price inflation has fallen back to “normal levels”, after the pace of price rises eased again this month.Prices in British shops rose at the slowest pace in two and a half years in May, according to the British Retail Consortium“Shop price inflation has returned to normal levels, at just 0.6%. This was helped by slowing food inflation, with fresh food inflation falling to its lowest level since November 2021.Meanwhile, ambient food inflation remained stickier, especially for sugary products which continued to feel the effects of high global sugar prices. In non-food, retailers cut furniture prices in an attempt to revive subdued consumer demand for big-ticket items, and football fans have been able to grab some bargains on TVs and other audio-visual equipment ahead of this summer’s Euros.” Continue reading…
Rolling coverage of the latest economic and financial news, as ECB policymakers indicates June rate cut is a done deal
Inflation in UK shops falls amid price cuts on furniture and TVs
UK retailers are declaring that shop price inflation has fallen back to “normal levels”, after the pace of price rises eased again this month.
Prices in British shops rose at the slowest pace in two and a half years in May, according to the British Retail Consortium
“Shop price inflation has returned to normal levels, at just 0.6%. This was helped by slowing food inflation, with fresh food inflation falling to its lowest level since November 2021.
Meanwhile, ambient food inflation remained stickier, especially for sugary products which continued to feel the effects of high global sugar prices. In non-food, retailers cut furniture prices in an attempt to revive subdued consumer demand for big-ticket items, and football fans have been able to grab some bargains on TVs and other audio-visual equipment ahead of this summer’s Euros.”
