UK shop price inflation at 10-month low – BRC ...Middle East

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UK shop price inflation at 10-month low – BRC
source : Bloomberg News Today ( Middle East ) () 137
A shopper looks at fruit and vegetables inside an ALDI supermarket near Altrincham, Britain, February 20, 2023. REUTERS/Phil Noble Acquire Licensing Rights LONDON, Aug 29 (Reuters) – Prices in British store chains rose in August at the slowest pace in nearly a year, according to industry data that offers further relief for consumers hit by high inflation and for the Bank of England which is trying to quash it. The British Retail Consortium said annual shop price inflation cooled to 6.9% in August, its lowest since October 2022, weakening from 7.6% in July. Food price inflation fell to 11.5% from July’s 13.4%, driven by slower increases for meat, potatoes and some cooking oils. Non-

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