UK retailers cut prices again to counter lockdown hit – BRC

LONDON (Reuters) – British retailers reported another big fall in the prices they charge in early March as the sector grappled with the continued closure of non-essential stores because of COVID lockdown measures, a trade body said on Wednesday.

The British Retail Consortium said its members saw prices fall by an annual 2.4%, matching February’s pace of decline for the joint biggest decline since May 2020 when a first lockdown was coming to an end.

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