UBS On-Air: Paul Donovan Daily Audio 'The end of profit-led inflation (again)'

UK consumer price disinflation was more than expected. This is a global trend. As consumers rebel against profit-led inflation, retailers scramble to shore up customer loyalty by means of price discounts. UK inflation is probably still overstating reality, as price discounts under supermarkets’ two-tier pricing structures are not currently captured in the data.