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The Latest Breaking News from Helen Dickinson

Food prices rise at fastest rate since 2008, retail group figures show

The war in Ukraine, and consequent rise in the price of animal feed, fertiliser, wheat and vegetable oils, is placing mounting pressure on prices.

The Independent UK

Bill Shorten issues NDIS fraud crackdown warning as woman jailed, another charged

Service providers rorting the National Disability Insurance Scheme are being targeted as part of a new crackdown.

ABC News

Hot summer weather buoys retail sales as inflation pressure continues

The BRC-KPMG retail sales monitor for July showed that total sales increased by 2.3% during the month.

The Independent UK

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Rising production costs lead to 4.4% rise in UK shop prices

Fresh food inflation at 8% after increases in fertiliser, animal feed and transport

The Guardian - UK

UK retailers hit by sharp drop in spending as inflation soars

Boost in demand in June on back of jubilee celebrations fails to prevent third successive fall

The Guardian - UK

High street sales squeezed as consumers avoid big ticket items

‘Jubilee Jump’ impacted by rail strikes and cost of living last month

Evening Standard

Shop prices hit highest rate of inflation in almost 14 years

Prices were up 3.1% on a year ago in June, the highest rate of inflation since September 2008, according to the BRC-Nielsen Shop Price Index.

The Independent UK

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UK retailers given jubilee lift as high street footfall rises

Number of people visiting shops during June bank holiday week was up 17% on May average

The Guardian - UK

Food shop prices growing at fastest rate in more than 10 years amid warning ‘it will get worse’

Experts warn food inflation will “get worse before it gets better”

The Independent UK

Surge in food prices drives retail inflation to decade high

Industry experts warn that the situation for consumers would get ‘worse before it gets better’ as costs keep rising

Wales Online

Food inflation drives highest UK shop prices rise in more than a decade

Fresh food prices leaped 4.5% in May, driven by rising costs of labour since Brexit and fertiliser since invasion of Ukraine

The Guardian - UK

Attacks and abuse of shopworkers tripled during pandemic

The British Retail Consortium said the number of incidents surged to 1,301 each day in the year to March 2021, from 455 per day a year earlier.

The Independent UK

Shoppers ‘put brakes’ on spending due to surge in cost of living

The latest BRC-KPMG retail sales monitor has revealed that sales dipped in April after a sharp downturn in consumer confidence.

The Independent UK

UK shopper footfall records encouraging improvement

Total UK footfall was down 13.1% last month on pre-pandemic 2019, a 2.3 percentage point improvement from March, according to BRC-Sensormatic IQ.

The Independent UK

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The Guardian - UK

Ukraine war and China lockdowns drive fastest UK price rises in years

Inflation on toys, furniture and clothing rose to 2.2% last month, the highest rate for 15 years

The Independent UK

Shop prices soar to highest in 11 years due to rising energy costs and Ukraine conflict

Shop price annual inflation accelerated to 2.7% in April, up from 2.1% in March.

Wales Online

The retailers who have gone bust so far this year

Retail casualties include Studio Retail Group, TM Lewin and Sofa Workshop

Birmingham Post

Full list of UK shops that went bust in 2022

Retailers are likely to face further trading difficulties in 2023 amid rising inflation and the cost-of-living crisis

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