british retail consortium

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BRITISH RETAIL CONSORTIUM

Inflation in the UK is Falling but it is still above 10%

Falling wholesale food prices worldwide have not led to a drop in prices set by UK supermarkets, but the British Retail Consortium said that change was about to happen.

Inflation in Britain was expected to fall below 10 percent last month, but rising food prices prevented that from happening and, although there was a slight drop reported, it remained just above 10 percent.