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Prices slashed at fastest rate for seven years over Christmas

The price of consumer goods dipped to a seven year low during December as retailers resorted to aggressive discounting to boost Christmas sales, according to data from the British Retail Consortium.

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Low prices expected to continue for 'coming months'

Shoppers can look forward to low prices for at least the first few months of 2014, experts have said.

Figures from the British Retail Consortium suggested a stable global economy would keep prices down.

With few signs of volatility in the supply chain at present, I would expect retailers to continue helping to keep the cost of living down, with prices settling at relatively low levels in the coming months.

– Helen Dickinson, British Retail Consortium

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