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Evening Standard
Evening Standard
National
Henry Saker-Clark

UK shop prices rise at fastest rate for two years

Shop price inflation swung higher in August as food price growth accelerated (Aaron Chown/PA) - (PA Archive)

UK shop price inflation swung to its highest level for two years last month, as accelerating food costs pressed on consumer budgets, according to new figures.

Prices for tech products also increased over the month as chip and memory shortages linked to the AI boom impacted the supply and cost of electricals.

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