PRICES in British shops have dropped 1.8 per cent lower in October than a year earlier, British Retail Consortium (BRC) said on November 4.
The BRC has said shop prices are expected to keep declining in the run-up to the Christmas trading period as retailers attempt to attract more shoppers then. Clothing, books and DIY items experienced more deflation levels compared to food and non-food prices in the last month, the BRC said.
Mike Watkins, head of retail and business insight at data company Nielsen, which gathers the data said: “With the all-important Christmas trading season arriving soon, non-food retailers will need to maintain these lower prices to drive footfall.”
According to Reuters, the Bank of England said it expected inflation to pick up in 2016.
 said on November 4.){kind=link}