FXstreet.com (Barcelona) - Shop prices have increased moderately in April in the UK, driven, mostly, by food prices, excluding food, prices of all other products would have edged down, according to data released by the British Retail Consortium.
Annual shop price inflation has increased 1.2% in April, in the line of the increments posted in the last seven months, which have been ranging from 1.0% to 1.3%. Food prices, increasing 4.7% on the month, have been the strongest upward contributor. Excluding food, prices would have declined 0.6% year on year.
From March to April, shop prices have edged up 0.1%, with food prices contributing with a 0.7% monthly jump. Non food prices have decreased 0.2%.