British Retail Consortium (BRC) Shop Price Index: -1.9% y/y (expected -1.7%)

British Retail Consortium (BRC) Shop Price Index y/y: -1.9%

• expected -1.7%, prior was -1.8%

• UK shop price deflation accelerated in October as food price inflation “almost evaporated”
• Index fell 1.9% on the year, after a 1.8% drop in September, and matching the July low
• Food prices up just 0.1% on the year, the weakest food inflation since the series began back in December 2006

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The British Retail Consortium (BRC) Shop Price Index measures price changes in BRC-member retail outlets in the U.K.