Business · 2 hours ago
Shop prices see fastest rise in two years for households
Shop price inflation increased to 1.5% in August, hitting its highest point in over two years, pushed up by higher food costs. Food inflation jumped 2.8% for August compared to a year earlier, reversing a recent downward trend, while non-food prices rose 0.9%. The acceleration is connected with increased energy expenses throughout supply chains and the conclusion of summer promotions.
Reported by The Sun · How we write briefs