UBS On-Air: Paul Donovan Daily Audio 'A flurry of inflation figures'

The UK’s BRC shop price index registered another meaningful amount of disinflation, as the profit-led inflation episode seems to be working towards a conclusion. Food prices in this index do include the discounts of supermarkets’ dual pricing structure, and those are not in consumer price data, so the slowing of the food sub index will be greater than the disinflation of the official numbers.