UK shop price inflation rose to 1.2% in May as retailers cited higher energy costs and the government ruled out mandatory grocery price caps.
The British Retail Consortium said prices in May were 1.2% higher than a year earlier, up from a 1.0% rise in April. The government ruled out imposing mandatory price caps but confirmed it was in discussions with supermarkets on measures to ease cost pressures.
2h ago · 3 sources
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