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Fall in UK shop prices eases, food soars: BRC

July 4, 2017 LONDON (Reuters) – Overall prices in British shops fell in June at the slowest annual pace since November 2013, the British Retail Consortium (BRC) said on Wednesday, adding it expects rising inflation pressure soon to prompt outright price increases. Overall shop prices declined 0.3 percent year-on-year in June, compared with a 0.4 percent drop in May. The food price component rose 1.4 percent, however. The Bank of England is watching gauges of inflation pressure in Britain’s economy closely as it considers whether to raise interest rates from their record…

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UK shoppers seek bargains, employers hunt staff as Brexit bites: surveys

May 8, 2017 LONDON (Reuters) – British shoppers are increasingly seeking bargains to offset rising inflation and employers are finding it harder to recruit migrant workers, according to surveys published on Tuesday which reflected the impact of last year’s Brexit vote. Total retail sales showed their strongest year-on-year growth in six years in April, but the jump largely reflected the timing of the Easter holiday which fell in March last year but in April in 2017, the British Retail Consortium said. Rising prices for goods in shops – pushed up…

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