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

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To: regli who wrote (49309)	4/6/2006 1:16:03 AM
From: mishedlo	Read Replies (1) of 116555

UK shop prices fall by their biggest annual amount in March - BRC Wednesday, April 5, 2006 10:20:32 AM fxstreet.com LONDON (AFX) - Prices on the UK's high streets in March fell by their biggest annual rate in over a year, a leading retailing lobby group said today The British Retail Consortium said its shop price index for March showed overall prices down 1.17 pct on the previous year. This was higher than the 0.67 pct decline equivalent recorded in February and marked the biggest year-on-year fall since January 2005. Prices have fallen on an annual basis for six months running The BRC added that prices fell by 0.35 pct between February and March, following the 0.1 pct recorded from January and February A more detailed look at the data shows that the price of non-food items fell a monthly 0.29 pct, whilst food prices fell 0.49 pct, the first decline for a year. "These results confirm unequivocally that retail price deflation continues, with price deflation across the board showing a month-on-month decline for the third time this year," said Kevin Hawkins, the BRC's director general. Again, Hawkins said the data reinforced the case for an interest rate cut

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