UK shop price inflation accelerates to 2.1% as discounting fades

UK shop price inflation rose to 2.1% in October from 1.4% in September, per BRC data, signaling that heavy retailer discounting is no longer containing price pressures. The acceleration, flagged to Chancellor Healey as 'the dam breaking,' suggests consumer price inflation may trend higher, complicating the Bank of England's easing path. The data is a single-month print; whether this marks a sustained reversal of disinflation remains uncertain.

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