Inflation in UK Shops Surges to Highest Level on Record

[Epoch-Times-Bot]

Inflation in UK Shops Surges to Highest Level on Record

Inflation in British shops has risen to the highest level on record amid warnings of dampened Christmas cheer and a bleak winter ahead.
According to figures from the British Retail Consortium (BRC) and NielsenIQ, annual shop price inflation rose to 7.4 percent in November, up from 6.6 percent in October and marking another record since the BRC-Nielsen IQ Shop Price Index started in 2005.
Food inflation accelerated considerably further to 12.4 percent from October's 11.6 percent—also the highest rate on record as rocketing costs of energy, animal feed, and transport forced up prices.
Fresh food inflation rose even higher to 14.3 percent, up from 13.3 percent last month, driven particularly by the cost of meat, eggs, and dairy....

Source: Inflation in UK Shops Surges to Highest Level on Record

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