January 28, 2025 at 12:07AM
UK British Retail Consortium (BRC) Shop Price Index -0.7% y/y in January
expected -0.7%, prior -1.0%
Shop prices declined at a slower rate in January compared to December
food prices saw their biggest monthly increase since April 2024, +0.5% m/m (December was +0.1%)
BRC warned that inflationary pressures could grow due to rising costs, including tax increases introduced by finance minister Rachel Reeves in October
Earlier on the UK:
ICYMI – Morgan Stanley slashes UK 2025 GDP growth forecast to 0.9% (from 1.3% previously)
This article was written by Eamonn Sheridan at www.forexlive.com.
UK shop prices fell in January not as fast as they fell in December