US EditionUK shop price inflation edges up as Iran war adds to retailer concerns
Shop price inflation in the UK rose to 1.2% year-on-year in March as supply chain costs linked to the Middle East conflict began to increase, the British Retail Consortium said.
- Shop price inflation edged up to 1.2% in March as higher costs resulting from the conflict in the Middle East started to feed into supply chains.
- Food inflation slowed to 3.4%, down from 3.5% in February, due to lower wholesale milk costs and falling dairy prices.
- The British Retail Consortium warned that new labor market and healthy foods laws could increase retailers' costs and push up inflation further.
7 Articles
7 Articles
Evening Standard
perspectivemedia.comShop 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.
The Independent
The Independent (US)Shop price inflation increases as ‘storm clouds loom’ amid Middle East crisis
Inflation will rise, although there are “no indications” it will reach the peaks of the last spike in April 2023, the British Retail Consortium said
Shop price inflation subdued, but storm clouds loom - London Business News
Shop price inflation rose to 1.2% year-on-year in March, up from 1.1% in February. This figure is below the three-month average of 1.3%. Non-food inflation increased to 0.1% year-on-year in… The post Shop price inflation subdued, but storm clouds loom appeared first on London Business News
Storm Clouds Over Strait Threaten Retail Profits
The modest uptick in shop price inflation to 1.2% in March masks deeper supply chain vulnerabilities that investors would do well to watch closely. While the figure remains below recent peaks, the British Retail Consortium’s warning of “storm clouds” gathering over the Strait of Hormuz should not be dismissed as alarmist. The conflict’s disruption to shipping lanes and fuel costs is already… Source
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