British Retail Consortium (BRC) Shop Price Index: -2.1% y/y (prior was -1.7%)

UK inflation indication data:

BRC shop price index for March -2.1% y/y

• prior was -1.7%

For the m/m, down 0.3% (prior +0.2%)

More:

• Price falls last month the fastest since the series started in December 2006
• Sharp decline in food prices, 0.9%, steepest drop on record (0.4% fall the previous month)

Cable is barely changed

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