BRC: UK retailers raise prices at fastest pace since 2012 UnitedKingdom Inflation Retailing EconomicIndicator GBPUSD
According to the latest report published by the British Retail Consortium , the UK retailers hiked their prices to the highest levels in more than nine years in January as firms pass on soaring food, fuel and transportation costs amid spreading inflation.the strain on profit margins meant prices will almost certainly climb further in the coming months.
“As commodity prices, energy prices and transportation costs continue to rise, it is inevitable that retail prices will continue to follow in the future.” If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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