Inflation in UK shops drops to lowest level in two years

Inflation in UK shops drops to lowest level in two years
By: The Guardian Posted On: April 01, 2024 View: 17

Retailers cut the price of Easter treats, clothing and electrical items as consumer spending slowedInflation in shop prices in the UK has eased to the lowest level for more than two years after retailers cut prices on Easter treats, clothing and electrical goods amid a slowdown in spending by consumers in the cost of living crisis.Industry figures show prices rose at an annual rate of 1.3% in March, down from a rate of 2.5% in February – the slowest pace since December 2021, according to the latest monitor from the British Retail Consortium (BRC) trade body and the market research firm NielsenIQ. Continue reading...

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