The annual shop price inflation in the UK is seen at 4.3% in December, the same as it was in November - which is the weakest since June 2022. This follows six straight months of a drop in price pressures. The breakdown shows food price inflation easing to 6.7% while non-food inflation rose to 3.1%.Despite the optimism, there is still some worrying signs to consider on this front based off the monthly retail sales report from ONS as seen here: UK retail sales beat masks the greater pain that households are facing This article was written by Justin Low at www.forexlive.com.
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