- Shop price inflation in the UK edged up to 1.2 per cent in March, an increase from 1.1 per cent in February, according to data from the British Retail Consortium (BRC) and NIQ.
- The rise is primarily attributed to escalating costs linked to the Middle East conflict, which are now affecting supply chains.
- Despite the overall increase, food inflation saw a slight easing from 3.5 per cent to 3.4 per cent, driven by falling dairy prices.
- Conversely, non-food inflation climbed to 0.1 per cent, reversing a previous drop, even with retailers offering promotions on various goods.
- The BRC warned that inflation is expected to rise further due to these supply chain pressures, urging the government to consider policies that could mitigate price increases for consumers.
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