BRC: British shop prices were up 1.5% in June

07/6/2010 | Bloomberg

The British Retail Consortium said UK shop prices rose 1.5% in June compared with the same month the previous year. It is the slowest annual pace increase in three months. "The era of shop-price volatility seems over for now," said Stephen Robertson, director general of the BRC. "Low and stable inflation appears likely for the rest of the year. In the face of weak demand, retailers will continue to use widespread discounts and promotions."

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