Data - Prices in UK shops fell at the fastest pace in more than three years in September

British Retail Consortium (BRC) Retail Shop Price Index -0.6% y/y (expected -0.3%, prior -0.3%)

British Retail Consortium (BRC) Retail Shop Price Index in September -0.6% y/y

expected -0.3%, prior -0.3%
shop prices fall by the most since August 2021
seventh time in nine months that the pace of price growth has weakened

The report adds that services inflation, a closely watched indicator of underlying inflation pressure by the Bank of England, edged up in the most recent official data. The Bank of England next meet on November 7.