Inflation continues to overwhelm the British economy, the British Retail Consortium index showed on Wednesday. The rise in prices charged by shops and supermarkets in the UK accelerated again in the 12 months to September, hitting its highest since records began in 2005. Prices rose by 5.7% y/y, up from 5.1% in August. The jump was fueled by an unprecedented 10.6% jump in food prices. BRC said the war in Ukraine inflated the costs of animal feed, fertilizer and vegetable … Continue reading “UK Shop Price Inflation Hits Record High with Food Prices Jumping 10.6%”