Shop prices hit highest rate of inflation in almost 14 years
2 years, 5 months ago

Shop prices hit highest rate of inflation in almost 14 years

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. Read our privacy policy 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. Last month households and businesses were hit by the highest rate of inflation since the 1980s Helen Dickinson, BRC The figures follow the Office for National Statistics reporting that inflation as measured by the consumer prices index rose from 9% in April to 9.1% last month, a level unseen since February 1982, amid record prices for petrol and the soaring cost of food. British Retail Consortium CEO Helen Dickinson said: “Last month households and businesses were hit by the highest rate of inflation since the 1980s as near-record commodity prices in energy, transport and food filtered through the supply chain. and seek out retailers where prices are the lowest Mike Watkins, NielsenIQ “Retailers are working to find more ways to protect their customers from the worst effects of inflation, but if costs continue to spiral, Government may need to find ways to help retail businesses support their customers.” Mike Watkins, head of retailer and business insight at NielsenIQ, said:“Whilst the fast-moving consumer goods industry is more insulated from any downturn in consumer expenditure, food retailing is not immune.

History of this topic

U.S. consumer spending rises in November; monthly inflation subsides
3 days, 16 hours ago
Where inflation accelerated in November – and where it eased
6 days, 19 hours ago
U.K. Inflation rises further above Bank of England's target in November
1 week ago
UK inflation increase solidifies expectations interest rates will be kept on hold
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Inflation rises AGAIN to its highest level since March: Price rises hit 2.6 per cent driven by spikes in the cost of petrol and fags to increase pressure on Chancellor Rachel Reeves
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1 week ago
India’s wholesale inflation dips to 1.89% in November after hitting four-month high in October
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1 week, 2 days ago
Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%
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1 week, 2 days ago
Food prices are on the rise again. What’s behind the increase
1 week, 3 days ago
US wholesale inflation accelerated in November in sign that some price pressures remain elevated
1 week, 5 days ago
Consumer inflation moderates slightly to 5.5% in November
1 week, 5 days ago
Retail inflation slows slightly at 5.48%
1 week, 5 days ago
US wholesale inflation surged higher in November
Trending News
1 week, 6 days ago
U.S. wholesale inflation accelerated in November, a sign that some price pressures remain
1 week, 6 days ago
Retail inflation eases to 5.48% in November as compared to 6.21% in October, check main reasons
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1 week, 6 days ago
US inflation ticked up last month as some price pressures remain persistent
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2 weeks ago
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2 weeks ago
US consumer price increases accelerated last month with inflation pressures resilient
3 weeks, 6 days ago
All about the inflation spike: how, why & when
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1 month, 1 week ago
Wholesale inflation heated up again last month, reversing recent progress
1 month, 1 week ago
U.S. inflation rose slightly last month after 2 years of steady cooling but remained low
1 month, 1 week ago
Spectre of food inflation haunts the economy again
1 month, 1 week ago
Grocery inflation rises as supermarket trips hit four-year high
1 month, 1 week ago
Consumer inflation at 14-month high of 6.2%
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1 month, 1 week ago
Retail Inflation Soars To 6.2% In October, Exceeding RBI's Tolerance Limit
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1 month, 1 week ago
India’s retail inflation surges to 6.2% in October
1 month, 1 week ago
India’s 14-month high retail inflation fades hope of December rate cut
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1 month, 1 week ago
Retail inflation at a 14-month high, rises to 6.21% in October
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1 month, 1 week ago
China's consumer prices see stable growth in October
1 month, 2 weeks ago
A Third of UK Prices Basket Is in Deflation, Analysis Finds
1 month, 2 weeks ago
Wholesale Inflation in August Declines
3 months, 1 week ago
​Last mile woes: On inflation data and the challenges
3 months, 1 week ago
Retail inflation rises to 3.65% in August, second lowest in last five years
3 months, 1 week ago
US inflation falls to 2.5% in August, reaches 3-year low as Federal Reserve set to cut interest rates
3 months, 1 week ago
U.S. inflation reaches a 3-year low as Federal Reserve prepares to cut interest rates
3 months, 2 weeks ago
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3 months, 2 weeks ago
Slide in tomato prices aid an 8% dip in vegetarian meal costs, CRISIL says
3 months, 2 weeks ago
Retail Inflation Declines to 59-month Low of 3.54 Per Cent in July
4 months, 1 week ago
Retail inflation drops to 3.5% in July, hitting a near 5-year low
4 months, 1 week ago
UK inflation stays at 2% despite surge in hotel prices
5 months, 1 week ago
UK inflation stays at 2% target in June, leaving rate cut on a 'knife edge'
5 months, 1 week ago
Wholesale Inflation Hits 16-Month High
5 months, 1 week ago
Wholesale price inflation rises to 3.36% in June, highest in 16 months
5 months, 1 week ago
India's retail inflation to remain close to 5% for most of this year: SBI Research
5 months, 1 week ago
US wholesale inflation picked up in June in sign that some price pressures remain elevated
5 months, 1 week ago
Retail inflation rises to 5.08 per cent in June, says govt data
5 months, 1 week ago
Food prices are no longer rising as much — but here's why it might not feel that way
5 months, 1 week ago
India inflation seen up in June due to soaring vegetable prices: Reuters poll
5 months, 2 weeks ago
Sticker shock: How the supermarket has become a potent symbol of inflation in America
5 months, 2 weeks ago
31%: The surge in food prices irking voters in the UK election
5 months, 3 weeks ago
Federal Reserve’s preferred inflation gauge shows price pressures easing further
5 months, 3 weeks ago

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