Serious warning from major retailers about price rises ahead
- Britain's biggest retailers warned they will sharply increase prices this year due to rising costs, according to the British Retail Consortium .
- 67% of Chief Financial Officers surveyed indicated they would raise prices in response to higher National Insurance contributions from April.
- The BRC reported that food inflation is expected to reach an average of 4.2% in the second half of this year.
- Helen Dickinson, BRC Chief Executive, stated that consumers will inevitably bear some of the burden from these increased costs.
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Leaning Left1Leaning Right2Center10Last UpdatedBias Distribution77% Center
Bias Distribution
- 77% of the sources are Center
77% Center
C 77%
15%
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