LONDON: British retailers saw the biggest annual decline in prices since at least 2006 in June, with cheaper furniture, electricals and clothes as well as a supermarket price war all contributing, an industry group said yesterday. The British Retail Consortium reported that prices in shops fell 1.8 per cent last month compared with a year earlier. The decline was the biggest annual drop since the survey began in December 2006. Food prices were 0.6 per cent higher — the smallest gain on record — while non-food prices were 3.4 per cent lower, another record fall. Reuters
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