Shop Price Inflation Increases Amid Middle East Crisis, Food Giants Halt Price Cuts
Shop price inflation is increasing as 'storm clouds loom' amid the Middle East crisis, with the British Retail Consortium noting a rise but no indication of reaching previous peaks. This comes as major food companies had already begun to halt price cuts, facing difficult decisions due to the threat of another inflation surge.
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Food giants were finally starting to cut prices — then the war began
Spectre of another surge in inflation leaves struggling consumer goods groups with difficult decisions
Read full article →Food price rises unlikely before summer, says boss of Sainsbury’s
Simon Roberts says Easter shop will be unaffected by Middle East conflict, but industry warns prices may rise this year Shoppers will not see food prices rise until at least the summer and Easter will be unaffected by conflict in the Middle East, the boss of Sainsbury’s has said, despite fears of an inflation spike. Simon Roberts said it was “too early” to say whether and when food price inflation related to higher commodity costs would hit supermarket shelves and that the UK’s second-largest...
By Sarah Butler
Read full article →Shop price inflation edges up as ‘storm clouds loom’ – BRC
Inflation on non-food items rose to 0.1% against a drop of 0.1% in February.
By Josie Clarke
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