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UK shop price inflation drops to two-year low in March
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investmentweek.co.ukShop price annual inflation eased to 1.3% in March, down from 2.5% in February, making it the first figure below 2% in over two years and below the three-month average of 2.2%. Revised GDP figures confirm UK economy fell into a recession last year On a monthly basis, food prices fell by 0.3%, while non-food prices declined 0.4%. Mike Watkins, head of retailer and business insight at NielsenIQ, said a «key driver» of the slowdown was a fall in food prices, but «intense competition» among retailers also contributed. UK consumer confidence stalls in March Helen Dickinson, CEO of...
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