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Store prices fall for the first time since 2021 as retailers cut costs on summer goods


Store prices fall for the first time since 2021 as retailers cut costs on summer goods

Store prices were deflationary in August for the first time in nearly three years, according to new data, as retailers dramatically slashed prices on summer goods to clear inventory. The British Retail Consortium-NIELSENIQ shop price index showed that prices fell by 0.3% in August, compared with inflation of 0.2% in the previous month. This is […]