Shop prices growing at fastest rate in more than a decade as food inflation worsens
Sky News says shop prices grew at the fastest rate in more than a decade during May, spurred on by rapidly-accelerating food inflation.
The figures come from the latest BRC-NielsenIQ Shop Price Index, which looks at baskets of food and non-food items and measures the change in price over time.
It found that retail price inflation was 2.8% in May – the highest since July 2011 – and experts have said the situation for shoppers will get “worse before it gets better”.
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