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The Independent UK

Josie Clarke

Shop price inflation increases as ‘storm clouds loom’ amid Middle East crisis

Inflation Middle East The British Retail Consortium BRC NIQ

Shop price inflation edged upwards in March as rising costs linked to the Middle East conflict began to impact supply chains, new figures reveal.

Overall, shop prices were 1.2% higher than a year ago, an increase from 1.1% in February, though still below the three-month average of 1.3%, data from the British Retail Consortium (BRC) and NIQ revealed.

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