UK shop prices fell in January, not as fast as they fell in December | Forexlive

UK British Retail Consortium (BRC) Shop Price Index -0.7% y/y in January

• expected -0.7%, prior -1.0%

Shop prices declined at a slower rate in January compared to December

• food prices saw their biggest monthly increase since April 2024, +0.5% m/m (December was +0.1%)
• BRC warned that inflationary pressures could grow due to rising costs, including tax increases introduced by finance minister Rachel Reeves in October

Earlier on the UK:

• ICYMI – Morgan Stanley slashes UK 2025 GDP growth forecast to 0.9% (from 1.3% previously)

This article was written by Eamonn Sheridan at www.forexlive.com.

#shop #prices #fell #January #fast #fell #December #Forexlive

latest news today, news today, breaking news, latest news today, english news, internet news, top news, oxbig, oxbig news, oxbig news network, oxbig news today, news by oxbig, oxbig media, oxbig network, oxbig news media

HINDI NEWS

News Source