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.

Similar

What to Trade on August 22–26?
What to Trade on August 22–26?

How Energy Crisis Affects German PMI August 23, 2022, 10:30 GMT+3­­ Germany will publish Flash Manufacturing PMI data on Tuesday, August 23, at 10:30 MT time (GMT+3)…

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

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

Beginner Forex book

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