U.K. consumer goods retailer Kmart has said it will begin selling U.H.W. toys and other goods at a reduced price of £0.79 per pound for five months starting this week.
Kmart said on Tuesday it is the first major retailer in the U.N. to begin the price reduction, which is expected to help drive down inflation in the world’s biggest economy.
The move is part of a broader effort by retailers to bring down prices to stimulate demand.
In the U., inflation has been running at over 2.2 percent a month, with the U in second place behind the U-K, according to data from the National Bureau of Economic Research.
U.B.I. inflation is currently running at 2.3 percent, according the BLS.
The U.F.C. also recently reported that household consumption spending was the highest since February 2017.
The Bank of England also expects the economy to grow at a 3.5 percent rate in the fourth quarter, the fastest pace since March 2020.
The Bank is projecting a 0.5 percentage point increase in the gross domestic product for the second quarter.
Britain’s economy shrank at its fastest pace in nearly five years in the second-quarter, according, to the Office for National Statistics.
The news of the toy price cuts comes as U.U.S.-based retailers are facing pressure from the U,H.H., and other U.W.,S.
lawmakers, who say they have seen no evidence that U. and H.H.’s cheap imports hurt consumers.
The International Monetary Fund is expected on Tuesday to begin a review of the U.-H.U.-S.
trade deal, called the Transatlantic Trade and Investment Partnership, to determine whether the pact will be a boon to U.s. manufacturers.