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Food price inflation lowest in two years , BRC finds

UK food price inflation is at its slowest rate since March 2022, according to the BRC. It also found non-food products have gone into deflation.

Inflation in UK shops slows amid price cuts on clothes and shoes

Prices in non-food stores are lower in April than a year earlier as stores offload summer stock

Shop price inflation slows but political tensions pose a threat to stability

Shop price inflation has slowed to its lowest level in close to three years but geopolitical tensions pose a threat to stability. 

Shop prices are normalising one year on from inflation peak

Shop prices are normalising one year on from inflation peak
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Core Bonds Gained Ahead of a Busy Week

Core bonds gained ahead of a busy week. US yields dropped between 1.9 and 5.3 bps with the long end outperforming. The US Treasury unexpectedly lifted its quarterly borrowing estimate by $41bn compared to its January estimate (cf. infra). While only temporary, the small yield spike it triggered at the long end of the curve does reveal some market sensitivity to the matter.

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