Mumbai, July 28 -- UK shop price inflation eased sharply in July, with the British Retail Consortium (BRC) Shop Price Index rising just 0.9% year-on-year. This decline signals a continued moderation in retail price pressures across the British high street and online channels. The BRC-NielsenIQ Shop Price Index tracks changes in prices across a wide basket of goods sold in UK retail stores. July's reading of 0.9% represents a notable deceleration from the previous month's figure and undershot market expectations. This marks the lowest annual increase in shop prices in recent months.
Published by HT Digital Content Services with permission from Capital Market....