In the UK the prices in shops have fallen at a faster pace in June, said on Wednesday the British Retail Consortium (BRC).

Prices in shops decreased by 2 percent in June compared with a year ago, there were more than 1.8 percent decline in May.

Food prices fell by 0.8 per centper y/y, noting the largest decline in more than a year.

The survey was conducted in the period from 6 to 10 June, before the British voted for withdrawal from the EU.