British shop prices fell by 1.1 percent in year-on-year terms – the biggest drop since January 2017 compared to a 1 percent drop in April, the survey released by British Retail Consortium (BRC) showed. Meanwhile, prices of non-food items fell .5 percent in year-on-year terms in May – the biggest drop since August 2016. Meanwhile, prices of food items rose to 1.2 percent from 1.0 percent in April. “While food inflation has increased this month as the weather, oil price and other geopolitical factors have influenced global agricultural markets, we expect overall prices to fall in the coming months,” BRC chief executive Helen Dickinson said, according to Reuters News. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China ready to fight back if US looks to reignite a trade war – Xinhua FX Street 5 years British shop prices fell by 1.1 percent in year-on-year terms - the biggest drop since January 2017 compared to a 1 percent drop in April, the survey released by British Retail Consortium (BRC) showed. Meanwhile, prices of non-food items fell .5 percent in year-on-year terms in May - the biggest drop since August 2016. Meanwhile, prices of food items rose to 1.2 percent from 1.0 percent in April. "While food inflation has increased this month as the weather, oil price and other geopolitical factors have influenced global agricultural markets, we expect overall prices to fall in the coming… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.