In November UK shop price inflation diminished
to a 1-year low as price wars among supermarket limited food-expense increases,
said British Retail Consortium. Retail prices added 2% on a yearly basis
compared to 2.1% in October. According to report, food prices climbed 4% and
non-food items gained 0.8% compared to previous year. Mervyn King a governor of BoE
predicts inflation to slow down in 2012.