Lower shop prices boost prospect of Bank of England rate cut
British Retail Consortium says prices falling at fastest rate in three years and are 0.8% lower than a year ago.
The chances of a fresh cut in interest rates from the Bank of England next week have been boosted by a report that shows shop prices falling at their fastest pace in more than three years. The monthly snapshot from the British Retail Consortium showed prices were 0.8% lower this month than in October 2023 – compared to an annual fall of 0.6% in September.
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https://www.theguardian.com/business/2024/oct/29/shop-prices-lower-bank-of-england-rate-cut-