UK shop price inflation weakest since October 2021, retailers say

Prices in British shops rose at the slowest pace in almost three years last month, according to industry figures that underscore how inflation has cooled even if Prime Minister Rishi Sunak is unlikely to see much benefit in this week’s national election.

Annual shop price inflation slowed to 0.2 per cent in June from 0.6 per cent in May, the smallest increase since October 2021, the British Retail Consortium said on Tuesday.

Prices for non-food goods fell by 1.0 per cent in annual terms after a 0.8 per cent drop in May ...