UK: BRC Shop Price Index edges up in April

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FXstreet.com (Córdoba) - Overall shop price inflation rose to 2.0% in April from 1.2% in March. Food inflation rose to 2.0% in April from 1.2% in March. Non-food inflation rose to 2.0% in April from 1.3% in March.

This represents the biggest increase since March 2009, and follows the lowest increase in food inflation for 3 years seen in March.

The British Retail Consortium ( BRC ) Shop Price Index measures price changes in the popular retail outlets in the UK. The changes in the SPI are widely followed as an indicator for inflationary pressures. A high reading is seen as positive (or bullish) for the GBP, whereas a low reading is seen as negative (or bearish).



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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