British Retailers Offered More Discounts to Increase Sales in April

According to a survey by British Retail Consortium (BRC) and Nielsen, shop price inflation in Britain has cooled off in April, for the first time in six months, over increased discounts being offered by retailers to consumers. Shop prices were 0.4% higher in April than they were a year ago, up from 0.9% in March.

Disappointing sales figures in March have driven retailers to put up more products on discounts. Annual consumer price inflation touched 1.9% in March, a little higher than the three-year low of 1.8% in January.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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