U.K. shop prices drop 1%

Apr. 04, 2018 3:21 AM ETFXB, EWU, GBB-OLD, DBUK, FKU, EWUS, DXPS, HEWU, QGBR, DGBP, FLGB, UGBPBy: Sarina Penn, SA News Editor
  • In a sign that inflation pressures are easing in the U.K., shop prices in the country fell 1% year over year in March - their fastest retreat since February of last year - per the British Retail Consortium.
  • The price drop was "driven by a substantial slowdown in food inflation, which reached its lowest rate for a year," said BRC Chief Executive Helen Dickinson.
  • "But with further wage increases on the horizon putting upward pressure on prices, consumers will continue to feel the grip on their spending power," said Dickinson.
  • The U.K. was hit with higher inflation following a Brexit-triggered drop in the pound, and economic growth in the country slowed last year.
  • ETFs: FXB, EWU, GBB, DBUK, FKU, EWUS, DXPS, HEWU, QGBR, DGBP, FLGB, UGBP

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