"The BRC cautioned that 'storm clouds loom' despite 'subdued' inflation, indicating potential future challenges in the retail sector."
"Food inflation eased slightly from 3.5% to 3.4%, attributed to falling dairy prices and lower wholesale milk costs."
"BRC chief executive Helen Dickinson said: Higher costs resulting from the conflict in the Middle East are starting to feed in."
Shop prices increased by 1.2% in March compared to the previous year, influenced by rising costs from the Middle East conflict. Food inflation slightly decreased from 3.5% to 3.4%, while non-food inflation rose to 0.1%. Retailers offered promotions on various items to attract consumers, but the British Retail Consortium warned of potential challenges ahead. The BRC chief executive noted that higher costs from the conflict are beginning to impact supply chains and overall pricing.
Read at www.independent.co.uk
Unable to calculate read time
Collection
[
|
...
]