• Despite recent reports indicating a decrease in nominal prices, consumers are still grappling with relentless inflationary pressures, resulting in notable reductions in discretionary spending and creating difficulties in affording essential goods.
• Retailers are facing increased operational costs, driven by higher national insurance contributions and wage hikes, potentially leading to further price increases that threaten consumer spending during crucial retail seasons like Christmas.
• Data from the British Retail Consortium highlights a troubling trend of stagnating price reductions in essential food categories, underscoring the financial strain households face while managing tight budgets.

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