Inflation slows but remains elevated, a sign price pressures are easing only gradually
1 year, 1 month ago

Inflation slows but remains elevated, a sign price pressures are easing only gradually

LA Times  

U.S. consumer prices rose more than expected in January, further reducing the chances that Federal Reserve officials will start lowering interest rates soon. At his most recent news conference, Fed Chair Jerome H. Powell singled out persistently high services prices as a concern and indicated the central bank’s policymakers would like to see services inflation ease further before starting to cut their key interest rate. “This justifies the Fed wanting to wait and see how things are going to go.” Tuesday’s unexpectedly sticky inflation data sent stock and bond prices tumbling, with financial markets now envisioning the Fed’s first rate cut in June, rather than in May or March as many traders had previously expected. Biden administration officials responded to Tuesday’s report by noting that average hourly pay, adjusted for inflation, rose in January and is 1.4% higher than it was a year earlier. “When you see eggs and milk and products like that at the grocery store going down, they’re lower than they were a year ago, that’s important.” Some economists cautioned against assigning too much weight to January’s inflation data, noting that many companies impose annual price increases in the first month of the year, imparting a temporary boost to January’s figures.

Services Costs Prices Price High Month Fed Higher Rose Milligan Inflation Slows  month  services  higher  sign  costs  high  rose  gradually  inflation  slows  elevated  prices  easing  pressures  price  fed  remains

History of this topic

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
1 week, 2 days ago

U.S. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

The Hindu  

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Powell acknowledged that the Fed initially thought inflation coming out of the pandemic would be temporary, which led it to delay raising rates to combat higher prices. "We’re going to …

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged
Trending News
1 week, 2 days ago

Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged

Hindustan Times  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. Federal Reserve sees tariffs raising inflation this year, keeps key rate unchanged The Fed also now expects the economy to grow more slowly this year and next than …

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged
1 week, 3 days ago

The Federal Reserve sees tariffs raising inflation this year and keeps key rate unchanged

Associated Press  

WASHINGTON — The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated. I do think with the arrival of the tariff inflation, further progress may be delayed.” On his Truth Social platform late Wednesday, Trump posted: “The Fed would be …

US dollar tumbles over 6% from January peak to near 5-month lows as economic concerns mount
1 week, 4 days ago

US dollar tumbles over 6% from January peak to near 5-month lows as economic concerns mount

Live Mint  

The US dollar, the world's reserve currency, hovered near a five-month low against major peers in Tuesday's session, as concerns over a slowdown in the American economy—amid escalating trade tensions from Donald Trump's tariff wars—dented sentiment, causing the greenback to fall 6.4% from its January high of 110. US Fed policy in focus The Federal Open Market Committee is set …

Inflation vs Growth: What’s bothering US consumers the most ahead of US Fed policy meeting? Survey reveals..
2 weeks ago

Inflation vs Growth: What’s bothering US consumers the most ahead of US Fed policy meeting? Survey reveals..

Live Mint  

Inflation vs Growth: US consumer sentiment plunged to a 2-1/2-year low in March 2025, and inflation expectations soared amid concerns that US President Donald Trump's sweeping tariffs, which have ignited a trade war, would boost prices. The preliminary report shows that consumers’ expectations of annual US inflation climbed to 3.9 per cent from 3.5 per cent, the largest monthly jump …

Consumer sentiment plunges as US ‘frightened’ of ‘sharply higher prices’
2 weeks, 1 day ago

Consumer sentiment plunges as US ‘frightened’ of ‘sharply higher prices’

Al Jazeera  

Weakness in sentiment reflects a deterioration in expectations for the future across multiple facets of the economy, including personal finances, employment, inflation. Consumer sentiment in the United States has plunged to a nearly two-and-a-half-year low, and inflation expectations have soared amid worries that President Donald Trump’s sweeping tariffs, which have ignited a trade war, would boost prices and undercut the …

February US wholesale prices unchanged showing inflation easing, though trade wars threaten trend
2 weeks, 2 days ago

February US wholesale prices unchanged showing inflation easing, though trade wars threaten trend

Hindustan Times  

WASHINGTON — U.S. wholesale inflation decelerated last month, suggesting that price pressures are easing for now. February US wholesale prices unchanged showing inflation easing, though trade wars threaten trend The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — was unchanged from January after rising 0.6% the month before. Excluding volatile …

PPI: US wholesale inflation substantially slowed in February
2 weeks, 2 days ago

PPI: US wholesale inflation substantially slowed in February

CNN  

CNN — Americans just got some reassurances that inflation was slowing, and not reaccelerating, last month. “After hotter readings in December and January, flat producer prices for February should provide some assurances that inflation isn’t taking off again,” Ben Ayers, senior economist at Nationwide, wrote in commentary issued Thursday. “But one month does not make a trend, and the upward …

US consumer price growth slows in February, but Trump tariffs expected to boost inflation in coming months
2 weeks, 3 days ago

US consumer price growth slows in February, but Trump tariffs expected to boost inflation in coming months

Hindustan Times  

U.S. consumer prices increased less than expected in February, but the improvement is likely temporary against the backdrop of aggressive tariffs on imports that are expected to raise the costs of most goods in the months ahead. The consumer price index rose 0.2% last month after accelerating 0.5% in January, the Labor Department's Bureau of Labor Statistics said on Wednesday. …

US inflation may have slowed slightly last month but tariffs threaten reversal
2 weeks, 3 days ago

US inflation may have slowed slightly last month but tariffs threaten reversal

Associated Press  

WASHINGTON — U.S. inflation may have cooled a bit last month but it could be a short reprieve as President Donald Trump’s tariffs are widely expected to keep prices elevated in the coming months. If price increases stay stubbornly high, that could create political problems for Trump, who promised as a candidate to “knock the hell out of inflation.” And …

US inflation cooled in February, but Trump’s tariff plans and trade war loom
2 weeks, 3 days ago

US inflation cooled in February, but Trump’s tariff plans and trade war loom

CNN  

CNN — Inflation slowed more than expected in February and cooled for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war, which threatens to increase prices for Americans. February’s inflation numbers came in better than expected thanks in part to two big — and very welcome — …

Inflation cooled in February, but Trump's trade war threatens to raise prices
2 weeks, 3 days ago

Inflation cooled in February, but Trump's trade war threatens to raise prices

Salon  

If your wallet has whiplash from an uncertain economy, here's a bit of welcome news: Inflation eased more than expected last month. A report released by the Bureau of Labor Statistics on Wednesday showed the Consumer Price Index — a measure of average change in prices paid by consumers over time — increased by 0.2% in February, down from a …

U.S. inflation cooled last month, though trade war threatens to lift prices
2 weeks, 3 days ago

U.S. inflation cooled last month, though trade war threatens to lift prices

LA Times  

The cost of eggs jumped 10.4% in February from the previous month, and they are nearly 60% more expensive than a year ago. U.S. inflation slowed last month for the first time since September and a measure of underlying inflation fell to a four-year low, even as widespread tariffs threaten to send prices higher. The consumer price index increased 2.8% …

Retail inflation likely eased further to 3.9% in February: Mint poll
2 weeks, 5 days ago

Retail inflation likely eased further to 3.9% in February: Mint poll

Live Mint  

India's retail inflation likely eased further to 3.9% in February from 4.3% in the previous month, driven by a continued decline in food prices, according to a Mint poll of 25 economists. "The reversal of spikes in volatile food items and fading of one-off shocks such as in edible oil prices suggests a continued fall in headline inflation, which is …

Retail inflation likely fell below 4% in February: Report
Trending News
2 weeks, 5 days ago

Retail inflation likely fell below 4% in February: Report

India Today  

India's February consumer inflation likely eased below the Reserve Bank of India's medium-term target of 4.0% for the first time in six months on moderating food price rises, a Reuters poll showed, bolstering expectations of interest rate cuts. As fresh winter produce hit markets over the past few months, food items - which make up nearly half of the inflation …

Why these companies are lowering prices despite rising inflation and looming tariffs
3 weeks, 5 days ago

Why these companies are lowering prices despite rising inflation and looming tariffs

CNN  

New York CNN — Inflation is heating up, a trade war is brewing and American consumers aren’t feeling great about the economy. Scott Eisen/Getty Images “All businesses are trying to figure out how to break that loyalty code today, especially among the younger consumers that are the least loyal,” said Mintel’s Smith. “Brands really need to make sure that the …

Inflation is easing, but another alarm bell is ringing about the US economy
1 month ago

Inflation is easing, but another alarm bell is ringing about the US economy

CNN  

CNN — The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with another potential red flag for the US economic engine: Consumers pulled back their spending by the most in nearly four years. The Personal Consumption Expenditures price index rose 2.5% in January from the year before, slowing from December’s 2.6% annual rate, …

If Trump wants to fix the inflation crisis, he has a funny way of showing it
1 month ago

If Trump wants to fix the inflation crisis, he has a funny way of showing it

CNN  

CNN — Inflation appeared nearly defeated just a few months ago, but price hikes started accelerating again, led in particular by rising egg prices and fuel costs. The survey found that Americans are losing confidence in the economy, driven primarily by worries over Trump’s tariffs potentially boosting inflation. A new CNN poll released last Thursday similarly showed pessimism on the …

Inflation has fallen, but prices won't be coming down. What does that mean?
1 month ago

Inflation has fallen, but prices won't be coming down. What does that mean?

ABC  

Inflation has slowed down, but that doesn't mean prices are coming down. The yellow area captures the last six months of 2024 where prices increased slowly enough to convince the Reserve Bank that it could start cutting interest rates this year. Prices have increased 20 per cent in five years Now, if the pace of inflation has finally fallen and …

Food shopping pushes January retail sales up 1.7%
1 month, 1 week ago

Food shopping pushes January retail sales up 1.7%

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Retailers had a surprisingly good …

Trump is one month in and Americans are already mad at him about inflation
1 month, 1 week ago

Trump is one month in and Americans are already mad at him about inflation

CNN  

CNN — On the campaign trail, President Donald Trump vowed repeatedly that he’d bring prices down “starting on Day One” if elected. And despite Trump’s promise to “drill, baby, drill” to bring gas prices down, Americans are paying four cents more for a gallon of regular fuel on average than when he returned to the White House on January 20, …

US consumer sentiment plunges over tariff and inflation fears
1 month, 1 week ago

US consumer sentiment plunges over tariff and inflation fears

CNN  

Washington CNN — Inflation is picking up again and President Donald Trump said this week it’s all his predecessor’s fault. A new CNN poll released Thursday similarly showed pessimism on the rise because of prices: Nearly two thirds of US adults nationwide, 62%, said they feel Trump’s isn’t doing enough to address inflation. “A trade policy uncertainty index by a …

How worried should we be about inflation bouncing back - and what can you do? SIMON LAMBERT
1 month, 1 week ago

How worried should we be about inflation bouncing back - and what can you do? SIMON LAMBERT

Daily Mail  

Inflation is back at 3 per cent, so how worried should we be? The ONS revealed a rebound in consumer prices inflation in January, hot on the heels of the Bank of England forecasting that it would peak at 3.7 per cent this year. Yesterday’s CPI number for January somewhat rattled analysts, as it was not only a big jump …

What inflation surge means for your weekly shop - and why it has killed interest rate cut hopes
1 month, 1 week ago

What inflation surge means for your weekly shop - and why it has killed interest rate cut hopes

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. Office for …

Private school fees and food price rises push inflation to highest level in 10 months
1 month, 1 week ago

Private school fees and food price rises push inflation to highest level in 10 months

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. She told Sky News: “I’m going to say to you that we’ve only been …

Where inflation accelerated in January – and where it eased
1 month, 1 week ago

Where inflation accelerated in January – and where it eased

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Inflation accelerated for many household groceries, including coffee, which …

Catching a break: On the inflation dip and households
Trending News
1 month, 2 weeks ago

Catching a break: On the inflation dip and households

The Hindu  

A healthy winter harvest of vegetables reined in food inflation to a five-month low of 6% in January, driving down India’s consumer price inflation to 4.3%, tantalisingly close to the 4% median target pursued by the Reserve Bank of India. As per its own reckoning, with this quarter expected to average 4.4% inflation, there may be a minor uptick from …

India’s wholesale inflation eases to 2.31% in January as food prices cool
1 month, 2 weeks ago

India’s wholesale inflation eases to 2.31% in January as food prices cool

Live Mint  

New Delhi: India’s wholesale price index-based inflation eased to 2.31% in January from 2.37% in December due to a decline in food prices, especially vegetables, according to the provisional data released by the commerce and industry ministry on Friday. Beyond food prices Manufactured product prices, which make up around 64% of the wholesale price index, rose 2.51% in January, up …

December wholesale prices up a hot 0.4% as fight against inflation appears to have stalled
1 month, 2 weeks ago

December wholesale prices up a hot 0.4% as fight against inflation appears to have stalled

Associated Press  

WASHINGTON — U.S. wholesale prices came in hotter than expected last month with progress against inflation appearing to have stalled, further undercutting expectations for lower interest rates this year. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% from December and 3.5% from January 2024. Excluding volatile food …

Inflation is heating up again, putting pressure on Trump to cool it on tariffs
1 month, 2 weeks ago

Inflation is heating up again, putting pressure on Trump to cool it on tariffs

Raw Story  

Inflation figures released on Feb. 12, 2025, will come as a disappointment to Americans who hoped President Donald Trump would be true to his word on bringing down prices “on Day One.” It will also put pressure on the new administration to be wary of policies that may heat up inflation – and that includes tariffs. Trump has also proposed …

Wholesale prices rise a hot 0.4% as fight against inflation appears to have stalled
1 month, 2 weeks ago

Wholesale prices rise a hot 0.4% as fight against inflation appears to have stalled

LA Times  

U.S. wholesale prices came in hotter than expected last month with progress against inflation appearing to have stalled, further undercutting expectations for lower interest rates this year. The Labor Department reported Thursday that its producer price index — which tracks inflation before it reaches consumers — rose 0.4% from December and 3.5% from January 2024. Excluding volatile food and energy …

Inflation is Trump’s problem now
1 month, 2 weeks ago

Inflation is Trump’s problem now

CNN  

New York CNN — President Donald Trump has a rhetorical style that can be hard to follow. The “Biden inflation” he’s referring to is the Consumer Price Index, which went up 3% year-over-year in January — the fastest pace since June. “Blame Biden” satisfies Trump’s need for a simple-to-understand villain, regardless of its accuracy. Trump’s economic agenda doesn’t have much …

Trump faces uphill battle to fulfill campaign promise to cut costs as inflation rises to 3% in January
1 month, 2 weeks ago

Trump faces uphill battle to fulfill campaign promise to cut costs as inflation rises to 3% in January

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Get our free Inside Washington email SIGN UP I would like to be emailed about offers, events and updates from The Independent. The price of groceries, gas, and used cars are increasing with the rise in …

U.S. consumer inflation unexpectedly up, Trump blames Biden
Trending News
1 month, 2 weeks ago

U.S. consumer inflation unexpectedly up, Trump blames Biden

Raw Story  

by Daniel AVIS U.S. consumer inflation unexpectedly accelerated last month, data showed Wednesday, in a moment of potential political peril for President Donald Trump, who quickly blamed the uptick on his predecessor Joe Biden. "The jump in consumer prices in January supports our view that the Fed will hold rates steady at least through of this year," Nationwide chief economist …

Trump’s Grocery Prices Promise Hit By Surging Inflation
1 month, 2 weeks ago

Trump’s Grocery Prices Promise Hit By Surging Inflation

Huff Post  

LOADING ERROR LOADING President Donald Trump’s election promise to bring down the cost of living took a bruising Wednesday as figures showed that U.S. inflation surged last month. The unexpectedly hot inflation figures blow a hole in one of Trump’s biggest pledges on the campaign trail. We’re going to get the prices down.” Yet shortly after the election, Trump started …

Trump furiously spins to blame Joe Biden after bad new inflation data
1 month, 2 weeks ago

Trump furiously spins to blame Joe Biden after bad new inflation data

Raw Story  

Inflation data released on Wednesday showed that prices unexpectedly grew in January, the first month of President Donald Trump's second term. "Egg prices, a closely watched symbol of rising costs, soared 53% in January compared to a year ago," ABC News writes. "Beef prices climbed 5% and bacon prices jumped 6% in January compared to a year ago, data showed." …

Retail Inflation Rate Falls to Five-Month Low of 4.31 per Cent in January
1 month, 2 weeks ago

Retail Inflation Rate Falls to Five-Month Low of 4.31 per Cent in January

Deccan Chronicle  

New Delhi: The common man is likely to get some relief in their household budgets as India's headline retail inflation rate fell to a five-month low of 4.31 per cent in January, mainly due to the significant fall in the prices of vegetables and pulses that eased during the month. Meanwhile, India’s industrial output growth slowed to a 3-month low …

Falling food prices push January inflation to five-month low of 4.31%; edible oil inflation spikes to 33-month high
1 month, 2 weeks ago

Falling food prices push January inflation to five-month low of 4.31%; edible oil inflation spikes to 33-month high

The Hindu  

India’s retail inflation cooled to a five-month low of 4.31% in January, from 5.22% in December 2024, and 5.1% a year ago. Rupee depreciation impact The RBI has projected inflation to average 4.4% between January to March, which could imply mild spikes in the price rise pace over this month and the next. Vegetables inflation more than halved to 11.3% …

Retail inflation hits five-month low in January; industrial output slows in December
1 month, 2 weeks ago

Retail inflation hits five-month low in January; industrial output slows in December

Live Mint  

India's retail inflation eased to a five-month low in January, driven by a slower increase in food prices, according to provisional government data released on Wednesday. Food inflation, a persistent challenge, rose 6.02% in January compared to 8.39% annual rise in December, 9.04% in November, and 8.30% in the year-ago period. A Mint poll of 23 economists had estimated retail …

Did prices jump in January? Inflation report will provide latest update on consumer costs
1 month, 2 weeks ago

Did prices jump in January? Inflation report will provide latest update on consumer costs

Associated Press  

WASHINGTON — Inflation likely stayed elevated last month in the latest sign that consumer price growth has gotten stuck after declining for much of last year. Wednesday’s inflation report will be closely watched to see if a recent trend that has bedeviled the inflation-fighters at the Federal Reserve will continue: In January 2024, prices jumped sharply in part because many …

Inflation soars in January, hampering plans for rate cuts
1 month, 2 weeks ago

Inflation soars in January, hampering plans for rate cuts

Salon  

Inflation in the United States suddenly rose in January, in a turn of events one Federal Reserve Bank president called "sobering." The latest update showed that inflation rose to 3 percent in January — a leap of 0.5% and the fastest monthly increase since August 2023 — after many common household goods soared in price. Austan Goolsbee, president of the …

U.S. inflation worsened last month as the cost of groceries and gas moved higher
1 month, 2 weeks ago

U.S. inflation worsened last month as the cost of groceries and gas moved higher

LA Times  

The cost of a carton of eggs at a Safeway in Seattle topped $13 in January. U.S. inflation accelerated last month as the cost of groceries, gas and used cars rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay any further interest rate cuts. President Trump pledged to reduce …

US inflation rises to 3% in January, delaying Fed rate cuts
1 month, 2 weeks ago

US inflation rises to 3% in January, delaying Fed rate cuts

India Today  

WASHINGTON: U.S. inflation accelerated last month as the cost of groceries, gasoline and rents rose, a disappointment for families and businesses struggling with higher costs and likely underscoring the Federal Reserve’s resolve to delay further interest rate cuts. “This just extends the Fed’s hold.” Inflation often jumps in January as many companies raise their prices at the beginning of the …

Will retail inflation cool down further in January? Here's all you need to know
1 month, 2 weeks ago

Will retail inflation cool down further in January? Here's all you need to know

India Today  

The country’s retail inflation is likely to witness a dip in January 2025, bringing relief to consumers, as per economists polled by Reuters. This decline is attributed to slowing food price rises, particularly in cereals, milk, vegetables, pulses, and sugar, as mentioned by the Reserve Bank of India in its January 2025 Bulletin. The RBI mentioned continued reduction in rice …

Retail inflation eases to five-month low of 4.31% in January
1 month, 2 weeks ago

Retail inflation eases to five-month low of 4.31% in January

New Indian Express  

Supported by softening food prices, India's retail inflation, measured by the Consumer Price Index, eased to 4.31% in January 2025, down from 5.22% in December 2024, according to data released by the Ministry of Statistics and Programme Implementation on Tuesday. Food inflation, as measured by the Consumer Food Price Index, dropped to 6.02% in January 2025, its lowest level since …

Tracking the price of eggs, meat, milk and other staple US grocery items
1 month, 3 weeks ago

Tracking the price of eggs, meat, milk and other staple US grocery items

CNN  

CNN — The cost of food in the US increased significantly amid the Covid-19 pandemic and the steep inflation that followed. The price of eggs could increase by as much as 20% this year, according to one government forecast, after detections of avian influenza among the nation’s poultry flocks have strained supply. And the looming prospect of new tariffs on …

US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction
1 month, 4 weeks ago

US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction

Hindustan Times  

WASHINGTON — An inflation gauge closely watched by the Federal Reserve rose slightly last month, while some underlying prices pressures showed signs of easing. US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction The latest inflation figures arrive as President Donald Trump has threatened to impose big import taxes on goods from Canada and …

US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction
1 month, 4 weeks ago

US inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction

Associated Press  

WASHINGTON — An inflation gauge closely watched by the Federal Reserve rose slightly last month, while some underlying prices pressures showed signs of easing. When measured in shorter time frames, inflation is slowing: In December, core prices ticked up 0.2% from the previous month, a pace that is nearly consistent with the Fed’s annual target. But the Fed’s preferred gauge …

U.S. inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction
1 month, 4 weeks ago

U.S. inflation is lingering and tariffs threatened by Trump could nudge prices in wrong direction

LA Times  

An inflation gauge closely watched by the Federal Reserve rose slightly last month, while some underlying price pressures showed signs of easing. Friday’s report from the Commerce Department showed that consumer prices rose 2.6% in December from a year earlier, up from a 2.4% annual pace in November and the third straight increase. When measured in shorter time frames, inflation …

Food prices rise at fastest pace since April as supermarket job cuts loom
2 months ago

Food prices rise at fastest pace since April as supermarket job cuts loom

Daily Mail  

Food prices rose at the fastest pace since April last year between December and January, data from the British Retail Consortium-NielsenIQ Shop Price Index shows. Inflation figures showed food prices were 1.6 per cent higher in January than a year ago, easing from 1.8 per cent in December, according to the data. Prices: Food prices rose at the fastest pace …

Discover Related