Retailing
Price rises to pick up momentum in 2022
Helen Dickinson OBE, chief executive said consumer prices will continue to rise, and at a faster rate, since retailers can no longer absorb the cost pressures arising from expensive transportation, labour shortages, and rising commodity and global food prices.
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Shop price annual inflation accelerated to 0.8% in December, up from 0.3% in November with prices set to rise in the new year, according to a latest study from the BRC.
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