British Retailers Offered More Discounts to Increase Sales in April - Forex News by FX Leaders
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British Retailers Offered More Discounts to Increase Sales in April

Posted Wednesday, May 1, 2019 by
Arslan Butt • 1 min read

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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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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