UK data – BRC Shop Price Index for December: -1.0% y/y (expected –0.4%, prior –0.6%)

British Retail Consortium(BRC) shop price sruvey for December 2024:

-1% y/y, the sharpest fall in prices in more than three years

• expected 0.4%, prior -0.6%

BRC cites:

• the later timing of Black Friday sales in 2024 distorted the year-on-year comparison
• December 2024 data
  included the final days of the Black Friday and Cyber Monday
  sales, which were not included in the comparable December 2023
  period

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