UK BRC Shop Price Index for March 2024: -0.4% y/y
- expected –0.4% and prior –0.7%
British Retail Consortium data.
via Reuters:
- BRC Chief Executive Helen Dickinson said the introduction on
April 6 of higher social security contributions for employers –
which were announced in finance minister Rachel Reeves’ first
budget in October – would combine with other increased costs for
businesses to raise prices. “With retailers bracing for significant extra costs which
kick in later this week as a result of the budget, inflation
will likely accelerate in the coming months,”
This article was written by Eamonn Sheridan at www.forexlive.com.