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Group Finance Director
FTSE 100 Company

Deflation in shop prices!


Overall shop prices reported deflation of 0.4 per cent in April from the 0.5 per cent fall in April, this means it's the shallowest deflation rate since November 2013.

Food inflation accelerated to 1.4 per cent from the 0.9 per cent rise in April.

Helen Dickinson OBE, chief executive, British Retail Consortium, said: "Overall prices continue to fall year on year, heavy discounting in the wake of a weak start to the year and the fact that some businesses are still protected by hedging contracts are keeping non-food prices deflationary for now."

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