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Inflation in UK shops now back at ‘normal levels’ – as prices for some items fall

May 28, 2024

Via: Sky News

Overall annual shop price inflation eased to 0.6% in May, down from 0.8% in April, the British Retail Consortium (BRC) and NielsenIQ said.

Non-food products remained in deflation – at -0.8% in May – a fall from -0.6% in the previous month.

Researchers say shops have been cutting prices in an attempt to revive “subdued” demand for big-ticket items such as furniture and TVs ahead of Euro 2024.

Food prices continued to rise but at a slower rate, with inflation here decelerating slightly from 3.4% in April to 3.2% in May.

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