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China’s Lockdowns Weigh on Luxury Sales: The London Rush

Pedestrians wearing protective masks walk past a Burberry Group Plc store on Canton Road in Hong Kong.

Pedestrians wearing protective masks walk past a Burberry Group Plc store on Canton Road in Hong Kong.

Photographer: Roy Liu/Bloomberg

While the news that inflation has fallen again compared to the month before, you’d be forgiven for asking it to hurry up. Consumer prices rose 10.5% from a year earlier, slower than the 10.7% last month and the peak at 11%. Don’t, however, tell the tourists buying Burberry’s luxury trenchcoats, sending its sales soaring in Europe.

Here’s the key business news from London this morning: