London Experiences the Biggest Fall in Retail Prices Over the Past Year

HALIFAX, England - London experienced the largest decline in retail prices over the past year with a 2.8% fall between 2008 quarter one and 2009 quarter one, according to new research by Halifax. This was more than twice the 1.3% fall for the UK as a whole. However, despite this, the overall price level in the capital remains higher than any other UK region. All 12 UK regions recorded a decline in retail prices over the past 12 months.

The research will be published at 00.01 hours Saturday 30th May.

For an embargoed copy of the research please contact the Halifax Press Office via pressoffice@halifax.co.uk or by calling +44(0)1422-333829.

Source: Halifax

For an embargoed copy of the research please contact the Halifax Press Office via pressoffice at halifax.co.uk or by calling +44(0)1422-333829.