Economic news

Britain’s retail prices break trend for deflation

Retail prices in the UK have climbed, something that hasn’t happened in last five years, British Retail Consortium’s fresh figures reveal.

The rise in store prices was 0.1% this month, putting an end to a 63-month stretch of price decreases, the Consortium reported.

This follows a food inflation that sprung up to 1.9%, the highest in seven months, as harvests suffered from hot weather lately.

The country will also face sharper price jumps in case Britain goes the way of no-deal Brexit, it also said.

Price deflation in products other than food registered a moderation to 1% this month as well, though in July it had stood at 1.4%, according to the trade association.

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