5 months ago
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Biggest drop since November 2021 as ‘unseasonable’ weather pushes retailers to continue promotions
Shop price inflation has eased to the lowest level since November 2021 after retailers cut the price of big purchases such as furniture and TVs as households keep a tight rein on spending amid cost of living pressures and poor weather.
Prices rose at an annual rate of 0.6% in May, down from 0.8% in April – the slowest pace since November 2021 – according to the latest monitor from the British Retail Consortium (BRC) trade body and the market research firm NielsenIQ.
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