Greggs warns of post-Budget price hikes as sales growth slows

Lower consumer confidence ‘continues to impact high-street footfall and expenditure’, the bakery chain said (Jonathan Brady/PA) - (PA Wire)

Greggs has warned that the rising cost of employing people will result in price rises across its range as it said “lower consumer confidence” late last year had hit sales.

The bakery chain said “employment costs will result in further overall cost inflation, although wage increases should provide support to consumers”.