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The Independent UK
The Independent UK
National
Josie Clarke

Shop prices hit highest rate of inflation in almost 14 years

Inflation BRC Helen Dickinson Mike Watkins NielsenIQ
PA Wire

Shop prices have hit their highest rate of inflation in almost 14 years as businesses grapple with soaring supply chain costs and a cut in household spending, figures show.

Shop prices were up 3.1% on a year ago in June, up from 2.8% in May – the highest rate of inflation since September 2008, according to the BRC-NielsenIQ Shop Price Index.

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