By Justin Mcqueen — Apr 30 - 05:15 AM
UK BRC shop price index falls for second straight month, down 0.3%
In turn, the yearly rate has fallen to its lowest level since Dec 2021
While this indicates easing price pressures ahead of the national print
Base effects are expected to take CPI at or close to 2%
Therefore, the bigger focus for the BoE will be on services CPI
COMMENT-Sterling's rebound faces key test as Fed, NFP await nL1N3H21QC
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Source:
Refinitiv IFR Research/Market Commentary