Developing
Business·4/28/2026AI summary
UK Shop Price Inflation Slows to 1% as Retailers Discount Goods Amid Weakening Consumer Confidence
UK shop price inflation slowed to 1% year-on-year in April, down from 1.2% in March, as retailers applied heavy discounting to clothing, furniture and DIY goods amid weakening consumer confidence. Non-food items turned negative at -0.1%, while food inflation fell to 3.1%. The BRC warned that Middle East conflict impacts are yet to fully feed through to prices. Consumer confidence hit its lowest since October 2023, with retail sales volumes at their weakest since 1983.
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Guardian Business