british retail consortium
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BRITISH RETAIL CONSORTIUM
Inflation in the UK is Falling but it is still above 10%
Falling wholesale food prices worldwide have not led to a drop in prices set by UK supermarkets, but the British Retail Consortium said that change was about to happen.
Inflation in Britain was expected to fall below 10 percent last month, but rising food prices prevented that from happening and, although there was a slight drop reported, it remained just above 10 percent.
Record 13.3% Food Inflation in the UK
In the UK, food inflation hit a record high of 13.3% in December.
Food prices hit a record high in December ahead of Christmas, new data shows.
Food inflation jumped from 12.4% in November to 13.3% in December at a time when families typically stock up on food for the Christmas and New Year holidays.
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