UK inflation indicator: BRC Shop Price Index fell faster in October

BRC Shop Price Index in October 2024 fell at the fastest pace in more than three years:

-0.8% y/y

• expected -0.5%, prior -0.6%
• eighth time in nine months that the pace of price growth has weakened

British Retail
Consortium data. BRC sound a note of caution:

• “Households will welcome the continued easing of price
  inflation,”
• “But this downward trajectory is vulnerable to ongoing
  geopolitical tensions, the impact of climate change on food
  supplies, and costs from planned and trailed government
  regulation.”

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