Wednesday, a report by the British Retail Consortium said UK's BRC Nielsen Shop Price annual inflation rate stood at 2% in March, up from 1.9% in February.This was the fourth consecutive month of rising shop price inflation.

On a monthly basis, the shop price index rose 0.4% in March, slower than the 1.2% rise seen in the previous month.

Food price monthly inflation increased 0.1% in March, while non-food prices rose 0.5%.

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