UK shop price inflation ‘highest since 2024’ as retailers struggle to limit price rises

Shop price inflation in the UK has reached its highest level in two and a half years, rising to 2.1% year on year in October. This sharp increase, from 1.4% in September, suggests that retailers are struggling to limit price rises for customers. The British Retail Consortium warns that the rising costs of energy and food ingredients, particularly since the Middle East, are being passed on to consumers, indicating a potential increase in living costs. This development may have implications for the UK economy and consumer spending.

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The British Retail Consortium reports that shop price inflation has reached its highest level since 2024. This is due to retailers struggling to limit price rises, indicating a potential increase in consumer costs.

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