UK BRC Shop Price Index for May 2025 barely changed at -0.1% y/y
expected –0.1%, prior –0.1%
While this is not official data it was being eyed given the jump higher for the official data revealed last week:
UK April CPI +3.5% vs +3.3% y/y expected
Expectations for Bank of England rate cuts have been repriced (lower) since.
This article was written by Eamonn Sheridan at www.forexlive.com.