Fashion retailer Primark has warned it will increase prices on its autumn and winter collection as costs go up for businesses around the world.
The budget fashion chain said it would make “selective” rises in the range, having avoided most pressures from inflation until now because global exchange rates fell in its favour.
But AB Foods, which owns Primark and Twinings and is also a major sugar producer, said the US dollar is strengthening and inflation is soaring, which will force the changes.
