Serious warning from major retailers about price rises ahead
- Two thirds of leading retailers warned they will raise prices due to increased national insurance costs, according to the British Retail Consortium .
- 70% of Chief Financial Officers expressed pessimism about trading conditions over the next year, with concerns about falling demand and inflation.
- The budget could raise industry costs by over £7 billion in 2025, affecting employment and investment decisions, as stated by 81 retail chief executives.
- Food inflation is expected to rise to an average of 4.2% in the second half of the year, as reported by the BRC.
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Total News Sources0
Leaning Left1Leaning Right2Center7Last UpdatedBias Distribution70% Center
Bias Distribution
- 70% of the sources are Center
70% Center
C 70%
R 20%
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