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Economy

Falling inflation may be halted as Russia pulls out of grain deal, BRC warns

Lastly, ambient food inflation decelerated to 12.3% in July, down from 13% in June, and below the three month average rate of 12.8%

The British Retail Consortium (BRC) has warned that falling inflation is likely to slow after Russia withdrew from the Black Sea Grain Initiative despite seeing annual shop price inflation drop to 7.6% in July.

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