Inflation in UK Shops Falls to Lowest Level in 17 Months
- Prices rose by 4.3% in last year, retail group reports
- Fear that taxes and wages will see cost pressures persist
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Inflation in UK shops has fallen to a 17-month low as retailers fight to attract shoppers ahead of the crucial holiday period.
The British Retail Consortium said Tuesday that inflation fell 0.9 percentage points in November to 4.3%, the lowest level since June 2022. It’s the sixth-straight month that the trade association has recorded declines.