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Food prices ease but credit card borrowing leaps wildly
Daily Express
|July 02, 2024
SHOP prices are rising at the slowest rate for more than two-and-a-half years, figures out today show.
The average price of goods in stores nudged up 0.2% year-on-year in June, down from 0.6% in May and the lowest since October 2021, trade body the British Retail Consortium said.
The deceleration was driven by food prices, where inflation dropped from 3.2% to 2.5%.
Helen Dickinson, BRC chief executive, said: "During the height of the cost-of-living crisis, retailers invested heavily in improving their operations and supply chains to compensate for the impact of global shocks on input costs.
This story is from the July 02, 2024 edition of Daily Express.
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