UK shop price inflation jumps to 5.1% in July – BRC

Shops and supermarkets in Britain increased prices by 5.1% in the 12 months to August, the largest rise in records dating back to 2005, reflecting a jump in food costs caused by the war in Ukraine, the British Retail Consortium said on Wednesday.

by | 31 Aug, 2022

Food prices leapt by 9.3% after a 7.0% increase in July, driven by increases in products such as milk, margarine and crisps as the war pushed up the costs of animal feed, fertiliser, wheat and vegetable oils, the BRC said.

Read more at Reuters

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