Shop prices in the United Kingdom dropped 0.8 percent on year in December, the British Retail Consortium said on Wednesday - falling for the eighth consecutive month.
That missed forecasts for a contraction of 0.4 percent following the 0.3 percent decline in November.
The decline was the largest on record for any month since the survey began in 2006.
Intensive sales for the Christmas holiday season are the most likely cause for the decline in prices, the BRC said - pointing out that clothing prices along plummeted an annual 10 percent.
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April 10, 2026 16:21 ET Inflation data from the U.S. was the main data event this week as the conflict in the Middle East continue. The minutes of the latest Fed policy session and the survey data on the services sector also made headlines. In Europe, manufacturing orders data from Germany was in focus. Price data from China drew attention in Asia.