UK BRC shop prices index drops sharply in December (Forex) FXstreet.com
UK BRC shop prices index drops sharply in December
FXstreet.com (Barcelona) Shop prices have posted a sharp deceleration in the UK in December from the previous month, reflecting important discount on High Street as well as the VAT reduction, according to data released by the British Retail Consortium.
Year on year, shop prices index have increased a mere 0.5% in December, down from the 2.7% year on year rise posted in November. Food prices, however, have increased 6.2% year on year offsetting the 2.4% yearly decrease in non-food prices.
Month on month, shop prices have declined 2.0%, with food prices 0.7% lower than the month before, and non-food prices 2.7% below the level posted last month.
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EU Economic Confidence down to 67.1 in Dec from 74.9 in Nov
FXstreet.com (Barcelona) For more information, read our latest forex news.
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Canadian Nov Industrial Product Prices fall -2.6%, more than expected
FXstreet.com (Barcelona) For more information, read our latest forex news.
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Euro Zone PPI posts the largest monthly drop ever in November
FXstreet.com (Barcelona) Producer prices have fallen in November at its fastest pace ever on the back of sharp drops in energy prices, according to data released by Eurostat.
Prices at producer level have declined 1.9% in November, a widely sharper decrease than the 0.9% drop advanced by market analysts. The 1.9% drop is the largest fall in producer prices since records are collected in 1990.
The main deflationary contribution came from energy prices, excluding construction and energy, prices of all other products fell 0.8% in November.
Year on year producer prices have increased at a3.3% pace, following a 6.3% increase in October.
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strategist@dailyfx.com (Terri Belkas, Currency Strategist)
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