Data – Prices in UK shops fell at the fastest pace in more than three years in September

British Retail Consortium (BRC) Retail Shop Price Index in September -0.6% y/y

expected -0.3%, prior -0.3%shop prices fall by the most since August 2021seventh time in nine months that the pace of
price growth has weakened

The report adds that services inflation, a closely watched indicator of
underlying inflation pressure by the Bank of England, edged up in the most recent official data. The Bank of England next meet on November 7.

This article was written by Eamonn Sheridan at www.forexlive.com.