Economic Buzz: UK shop price inflation zooms to highest level in two and a half years
Mumbai, Oct. 27 -- British Retail Consortium noted in a latest update that UK shop price inflation increased to 2.1% year on year in October, against growth of 1.4% in September. This is above the 3-month average of 1.6%. Non-Food inflation increased to 1.7% year on year in October, against growth of 0.8% in September. This is above the 3-month average of 1.1%. Food inflation increased to 2.9% year on year in October, against growth of 2.5% in September. This is above the 3-month average of 2.7%. Fresh Food inflation was unchanged at 2.6% year on year in October, against growth of 2.6% in September. This is below the 3-month average of 2.7% UK shop price inflation rose to its highest level in two and a half years. The dam is starting to bre...
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