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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Primark owner warns of autumn price rises as costs increase

A woman walks passes a Primark store
Primark increased sales by 64% year on year to £3.5bn in the six months to 5 March. Photograph: Phil Noble/Reuters

The owner of Primark has saidthe clothing chain will have to raise prices on its autumn and winter ranges as it is no longer able to offset cost increases with savings.

Associated British Foods (ABF) said its food businesses, which include Twinings, Kingsmill and Ryvita, face increasing inflationary pressure in many areas including raw materials, commodities, energy and supply chain costs made worse by the war in Ukraine.

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