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UK: BRC Shop Price Index edges up in April
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).