UK shop prices soar – data ...News

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UK shop prices soar – data
source : Russia Today ( News ) () 62
Inflation reached its highest level since tracking began in 2005, the British Retail Consortium has said Annual inflation in UK shops surged to its highest level in at least 18 years in May, despite a drop in the pace of food price growth, data from the British Retail Consortium (BRC) showed on Tuesday. According to the trade body, prices at supermarkets and retail chains surged by 9% year-on-year in May, up from 8.8% in April. This was the largest increase since the BRC started tracking the indicator in 2005. Meanwhile, food price inflation slightly decelerated, the BRC said, sliding to 15.4% from an all-time hig

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