UK shop price inflation softened in April, driven primarily by increased discounting across clothing, furniture and DIY goods, the British Retail Consortium reported Tuesday.
The shop price index rose 1.0 percent in April from a year ago, following March's 1.2 percent increase.
Non-food prices dropped 0.1 percent, offsetting a 0.1 percent rise in March. At the same time, food inflation eased to 3.1 percent from 3.4 percent in the previous month.
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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.