British Retail Consortium data for October 2023:
- prices in UK store chains rose at the slowest pace in more than a yea
- annual shop price inflation dropped to 5.2% from 6.2% in September, its weakest since August 2022
- Food price inflation y/y fell for the sixth month in a row
- Food prices rose slightly in month-on-month terms after the first such fall in over two years in September
- Non-food inflation eased to an annual 3.4% from 4.4%
Bank of England Monetary Policy Committee meet on Thursday, on hold iexpected
