UK Retail Inflation Slows To 1%
Retail inflation in the United Kingdom is set to slow this month, according to the British Retail Consortium. The rate is now 1% higher than last April and has decreased from 1.2% in March. The slowdown is attributed to heavy discounting by retailers. The British Retail Consortium warned that consumers may not yet have felt the full impact of the Middle East conflict.
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Sources · 7 independent
LBC London
“retail inflation is now 1% higher than last April and down from 1.2% in March. It's attributed the slowdowns a heavy discounting, but warns consumers have yet to feel the full impact of the Middle East conflict.”
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