Proactive Investors - The FTSE 100 has been predicted to start higher on Tuesday as UK shop price inflation dropped to the lowest levels in almost two and a half years.
London's equity benchmark was trading 11 points higher on spread-betting platforms ahead of the open, having notched a new record intraday high just above 8189 and a new closing high yesterday of 8,147.03.
Shop price inflation eased to 0.8% in April from 1.3% in March, according to research from the British Retail Consortium, which said this was lowest since December 2021.
Non-food price inflation even turned negative, with deflation of 0.6% in the month, down from 0.2% and the lowest since October 2021.
Food inflation softened to 3.4% from 3.7% in the 12th consecutive month of deceleration to the lowest since March 2022.
Today's company news includes quarterly results from HSBC (LON:HSBA), where chief executive Noel Quinn also announced his surprise departure after five years.