Deflation still in the UK (according to this indicator from the British Retail Consortium)

Reuters report on the release:

  • Rising cost pressures linked to the decision by voters to leave the European Union are likely to feed into high street prices next year, the British Retail Consortium said
  • "While we may start to see cost pressures beginning to feed through into prices next year, we don't expect any sudden spikes or surges, and the timing and extent of increases will differ from one category and retailer to the next"