British shop prices go down 0.1% in November for the third month running

British shop prices go down 0.1% in November for the third month running

In November, UK shop prices headed south by an annual 0.1% for the third month in a row, according to a poll, which actually chimed with the BoE’s thinking that inflation might have currently peaked around.

In spite of the fact prices for non-food goods went down at the slowest pace since May 2013, this month food price inflation cooled, as Retail Consortium as well as market research company Nielsen informed.

The 0.1% sag in shop prices happened to match probably the shallowest rate of shop price deflation in Great Britain for the last four years.

Having lifted interest rates for the first time for 10 years in November, the Bank of England told it thought that consumer price inflation – underpinned by the pound's sag after the previous year's Brexit vote - had most likely peaked around currently.

Although inflation seems to have set to run above the BoE's 2% objective for the next few years, the vast majority of financial experts tell that they don’t expect Britain’s key financial institution to lift rates again until 2019.


Latest news

Evergreen buck heads north

On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…

Gold ascends on Brexit jitters

On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera