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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: zonder who wrote (18153)	12/9/2004 9:42:08 AM
From: mishedlo	Read Replies (1) of 116555

UK high street inflation remains subdued - BRC Thursday, December 9, 2004 10:56:24 AM afxpress.com LONDON (AFX) - High street inflation in the UK remains subdued despite higher fuel and energy costs, the leading retail lobby group said. The British Retail Consortium said its shop price index rose slightly in the year to November to -0.94 pct from October's -1.37 pct "Despite the continued pressure on margins due to higher staffing, fuel and energy costs, retailers have managed to keep prices down," said Kevin Hawkins, director general at the BRC. "Shop prices are lower than at this time last year," he added A benign inflation environment is one of the main reasons why the Bank of England is expected to keep its key repo rate unchanged at 4.75 pct when it completes its latest rate-setting meeting this afternoon

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