Prices in UK stores soar to 17-year high

Food costs have seen the biggest increases Store prices in the UK have jumped 5.1% year-on-year in August from 4.4% in July, posting their highest growth rate since 2005, Sky News reported on Wednesday, citing data from the British Retail Consortium (BRC) and research company NielsenIQ. According to the report, food prices surged at their fastest rate since 2008 – to 9.3% from last year. Fresh food prices were 10.5% higher than last August, up from the 8% rise recorded in July, with products such as milk and margarine seeing the biggest price increases. According to the UK Office for National Statistics (ONS), the

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