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UK heat wave consequences: shop prices increase breaking a 63 month cycle

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BRC warned of much steeper price rises if the UK quit the European Union without a trade deal. UK shop prices have risen for the first time in five years, according to the latest data from the British Retail Consortium (BRC). It said shop prices increased by 0.1% in August, breaking a cycle of 63 months when prices fell. This happens after food inflation jumped to a seven-month high of 1.9% after the recent heat wave, which hit crop yields.

UK heat wave consequences: shop prices increase breaking a 63 month cycle UK heat wave consequences: shop prices increase breaking a 63 month cycle Reviewed by Shahid Karimi on August 30, 2018 Rating: 5

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