UK shop price inflation hits new high – data ...News

Food costs alone surged 15% from a year ago, the British Retail Consortium says Annual inflation in UK shops surged to its highest in at least 18 years in March, Reuters reported on Tuesday, citing data from the British Retail Consortium (BRC). According to the report, overall shop price inflation jumped to 8.9% from 8.4% in February, which was the largest increase since the BRC started tracking the indicator in 2005. The rise was largely driven by food prices, which soared 15% from a year ago. The figure correlates with official data released last week, which showed that food and non-alcoholic drinks inflation ro

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