Business · 7 hours ago
UK Shop Prices Rise at Fastest Rate Since 2024
Tadeusz Hare, CC BY-SA 2.0, via Wikimedia Commons
Shop price inflation jumped to 2.1% in October from 1.4% in September, its highest level in about two and a half years, according to the British Retail Consortium. Food inflation rose to 2.9%, while non-food prices more than doubled to 1.7%. Retailers say they can no longer absorb rising energy and ingredient costs linked to the Middle East conflict, adding pressure ahead of Wednesday's Budget.
Reported by The Guardian · How we write briefs