UK shop price inflation accelerated to the highest since early last year in August due to higher food prices, the British Retail Consortium reported Tuesday.
Shop price inflation rose to 0.9 percent in August from 0.7 percent in July. This was the highest since March last year.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.