Overall shop price inflation in the United Kingdom declined in January to 1.4 percent from 1.7 percent in December, the British Retail Consortium said Wednesday.
BRC said food inflation declined in January to 3.7 percent from 4.2 percent in December.
Non-food inflation fell to zero from 0.3 percent in December.
"With the impact of the 2011 VAT rise finally gone from annual comparisons these figures show how retailers are holding down prices for customers despite a range of upward pressures," said BRC Director General Stephen Robertson. "Even though retailers are facing higher transport and property costs, overall non-food prices are exactly the same as a year ago."
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.