Healey warned ‘the dam is breaking’ on shop price inflation

As reported by City AM · Updated 27 Oct, 00:01 · Archive

The Chancellor has been warned that the “dam is starting to break” on surging shop price inflation, which retailers had kept at bay with heavy discounting. Shop prices rose by 2.1 per cent in the year to October, according to new data from the British Retail Consortium, ahead of September’s 1.4 per cent and the [...]

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• 'The dam is starting to break': Retail chiefs sound alarm over soaring costs as prices in shops rise at fastest pace for two-and-a-half yearsIn last ditch plea before tomorrow's Budget, industry leaders urged Chancellor John Healey to 'slash employment costs' and ease the mounting tax burden or 'households will end up paying the price'.This is Money · 27 Oct, 00:01
• UK shop price inflation ‘highest since 2024’ as retailers struggle to limit price risesBritish Retail Consortium says ‘dam is starting to break on the huge wave of costs’ being kept from consumers Shop price inflation has risen to the highest level in two and a half years, according to the British Retail Consortium, which warned that “the dam is starting to break” when it comes to retailers trying to limit price rises for customers. The lobby group said shop price inflation was 2.1% year on year in October, a sharp rise compared with 1.4% in September, and an indication that retailers were beginning to pass on the rising costs of energy and food ingredients since the Middle…The Guardian · 27 Oct, 00:01
• Healey warned ‘the dam is breaking’ on shop price inflationThe Chancellor has been warned that the “dam is starting to break” on surging shop price inflation, which retailers had kept at bay with heavy discounting. Shop prices rose by 2.1 per cent in the year to October, according to new data from the British Retail Consortium, ahead of September’s 1.4 per cent and the [...]City AM · 27 Oct, 00:01