British consumers face shop price inflation ...News

Russia Today - Economy
British consumers face shop price inflation
source : Russia Today ( News ) () 21
A rise in perishable food prices and lower consumer spending are to blame, according to data cited by The Guardian Shop price inflation in the UK hit its highest rate since 2008 in June, propelled by a sharp increase in perishable food prices. This has been brought about by soaring supply-chain costs and a decline in consumer spending, The Guardian reported on Wednesday, citing data from the British Retail Consortium BRC-NielsenIQ shop price index. Shop prices rose by 3.1% year-on-year this month, up from 2.8% in May. Food inflation alone surged to 5.6% in June, from 4.3% the month before, while perishable food pr

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