Data: Shop price inflation grows at fastest rate in over a decade
Retail prices increased to the highest rate recorded since November 2011 last month, accelerated by a rise in fresh food inflation in February.
The rate of shop price inflation was 1.8% in February, up from 1.5% reported in January, according to the latest BRC-Nielsen shop price index. The rise was reported as the war in Ukraine following Russia’s invasion was expected to prompt a further surge in the wider cost of living.
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