In April, UK non-food shop prices experienced a decline, marking the first deflation in over two years for items such as clothing and footwear. According to the British Retail Consortium (BRC), the Shop Price Index showed a year-over-year increase of only 0.8%, a decrease from the previous 1.3%, and below the estimated 1.3%. This slowdown in shop price inflation is the least since December 2021, reflecting a trend towards normalization in pricing.
Items bought in shops are becoming more expensive at the slowest pace in more than two years, according to latest industry figures which show that some prices are actually falling ⬇️ Read more https://t.co/So3iuKVJHv
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🇬🇧 UK non-food shop prices fall in April, industry data shows https://t.co/YFif3xWae1
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Clothing, footwear and other non-food products in UK stores slid into deflation for the first time in more than two years https://t.co/RBzECitYQ1
UK Non-Food Shop Prices Fall In April, Industry Data Shows - FT https://t.co/Obmfo2VU1c
UK non-food shop prices fall in April, industry data shows https://t.co/Xl8ootOXei
U.K. (APR) BRC SHOP PRICE INDEX (YOY) ACTUAL: 0.8% VS 1.3% PREVIOUS; EST 1.3%