BRC calls on government to use budget to keep prices low as inflation hits lowest rates since 2021
The British Retail Consortium has urged the chancellor to help keep prices low at the Budget, as shop price growth was at its lowest rate since August 2021.
Shop price deflation was at 0.8% in October, down from 0.6% of deflation in the previous month. This was below the three-month average rate of -0.6% – the lowest rate in over three years, according to the BRC-NielsenIQ shop price index.
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