Inflation in UK Shops Falls to a 17-Month Low.

Inflation in UK shops has reached a 17-month low as retailers try to attract customers before the holiday season. The British Retail Consortium reported that inflation dropped by 0.9 percentage points in November to 4.3%, the lowest level since June 2022. However, the trade association warned that inflation may not continue to decrease due to higher taxes and an increase in the minimum wage. Retail sales unexpectedly fell last month, raising concerns about the impact of the Bank of England's monetary policy on economic activity. Lower domestic energy prices contributed to a slowdown in food inflation, which reached its lowest level since July 2022. [Extracted from the article]