UK Shop Prices Fall for First Time Since March, Retailers Say
.jpg)
British retailers cut their prices in October, led by the biggest drop for food in almost five years, industry figures showed, offering a bit of relief to households before Halloween as well as the Bank of England and the government.
Overall shop prices fell by 0.3% from September, the first month-on-month drop since March, the British Retail Consortium said on Tuesday.
A monthly 0.4% drop in food prices was the biggest such fall since December 2020, the BRC said.
Compared with October last year, overall shop prices were 1.0% higher after a 1.4% rise in September, the first time that the annual pace of...
To Read Full Story Login Below.