UK DATA: BRC-Nielsen: UK May Shop Price Inflation Increases Slightly
-UK May BRC Shop Price Index 1.5% y/y vs 1.3% Apr
————————————————————————
Bank of England Monetary Policy Committee members have warned
inflation is not to set to drop in coming months, but rather to bobble
around a bit instead. These data support that view with the BRC Shop
Price Index rising to up 1.5% on the year from 1.3% in April.