UK shop price inflation seen at lowest since June 2022

<p>The annual shop price inflation in the UK is seen at 4.3% in December, the same as it was in November – which is the weakest since June 2022. This follows six straight months of a drop in price pressures. The breakdown shows food price inflation easing to 6.7% (previously 7.8%) while non-food inflation rose to 3.1% (previously 2.5%).</p><p>Despite the optimism, there is still some worrying signs to consider on this front based off the monthly retail sales report from ONS as seen here: <a href="https://www.forexlive.com/news/uk-retail-sales-beat-masks-the-greater-pain-that-households-are-facing-20231222/" target="_blank" rel="follow">UK retail sales beat masks the greater pain that households are facing</a></p>

This article was written by Justin Low at www.forexlive.com.