British Shop Price Inflation Accelerates in May Due to Iran War Energy Costs

British shop price inflation accelerates in May due to Iran war energy costs

British shop price inflation sped up in May on the back of disruption and ​higher energy costs caused by the Iran ‌war, according to a retail industry group which said the government had to do more to keep costs ​down. The British Retail Consortium’s monthly survey of ​major chains published this week showed that ⁠prices in May were 1.2 per cent higher than a ​year earlier, up from a 1.0 per cent rise in ​April. Food price inflation slowed to 2.…

UK Shop Price Inflation Rises

British shoppers are facing fresh pressure on household budgets after shop price inflation accelerated in May, driven by higher energy costs and supply chain disruptions linked to the ongoing Iran war. New figures released by the British Retail Consortium (BRC) show that prices across major UK retail chains rose by 1.2 per cent in May compared with the same period last year, up from the 1.0 per cent annual increase recorded in April. While the r…