UK Retailers Report More Inflation Pressure As Economy Reopens
Jun 02, 2021
British retailers have reported the smallest price falls since the start of the COVID pandemic, partly due to shoppers buying more clothes and shoes as lockdowns eased, and they said price pressures were likely to rise further over the rest of 2021. With the Bank of England watching carefully for signs of how quickly inflation is picking up, the British Retail Consortium’s shop price index for May showed prices were 0.6% lower than a year before, compared with a 1.3% fall in the year to April. This was the smallest drop since February 2020. Read more at Reuters.
