UK Shop Prices Rise by Most Since March 2024, Adding to Inflation Nerves

British shop prices rose this month by the most since March last year, potentially adding to the Bank of England's worries about how long the country's high inflation problem is likely to last.

Shop prices rose by 0.9% compared with August 2024, driven by a jump of 4.2% in food prices, the biggest since February last year, the British Retail Consortium said on Tuesday.

The BoE said earlier this month that rising food inflation was driving up inflation expectations, something that could fuel demands...

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