British Retail Consortium (BRC) Retail Shop Price Index in September -0.6% y/y
- expected -0.3%, prior -0.3%
- shop prices fall by the most since August 2021
- seventh time in nine months that the pace of price growth has weakened
The report adds that services inflation, a closely watched indicator of underlying inflation pressure by the Bank of England, edged up in the most recent official data. The Bank of England next meet on November 7.
