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Global factors affect prices

While the story focuses on UK inflation, global events often play a big role. Things like international oil prices, supply chain issues, or even geopolitical tensions can push up the cost of goods and transport worldwide. This then feeds into the prices we see in UK shops.

Stories that explain this

Marks and Spencer shares drop as inflation spike sparks cost worries

Related explainers

Your food shop costs more What is inflation? Interest rates might rise Why M&S shares dropped How AI affects global trade Who controls global oil prices? Who decides global oil prices? How does global borrowing affect us?

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