Shop prices soar in May but inflation to ‘get worse before it gets better’

man shopping in supermarket with phone

Shop prices rose further in May as inflationary pressures took their toll on retailers’ margins.

The rate of shop price inflation was 2.8% in May, up from 2.7% reported in April, according to the latest BRC-Nielsen shop price index, marking the highest rate of inflation since July 2011.

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