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U.K. May Shop Price Inflation Slows on Discounting, BRC Says
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U.K. shop-price inflation slowed in May to its weakest pace this year as retailers offered more discounts to tempt shoppers, the British Retail Consortium said.
Prices charged by retailers rose 2.3 percent from a year ago after advancing 2.5 percent in April, the BRC said in an e-mailed statement in London today. On the month, prices rose 0.1 percent after increasing 0.3 percent in April.