Consumers have seen their fifth consecutive month of rising prices amid mounting cost pressures throughout the global supply chain.
Shop price inflation has hit its highest rate since September 2011 - but the full impact of mounting costs is yet to be seen.Shop price inflation has hit its highest rate since September 2011 - but the full impact of mounting costs is yet to be seen.
Annual inflation accelerated to 2.1% in March, up from 1.8% in February - the highest rate in more than a decade, according to the BRC-NielsenIQ Shop Price Index. Food inflation jumped to 3.3% - its highest rate since March 2013 - while non-food inflation reached 1.5% in March, up from 1.3% in February and its top rate since February 2011.It means consumers have seen their fifth consecutive month of rising prices amid mounting cost pressures throughout the global supply chain.The British Retail Consortium said many of these costs were beginning to be exacerbated by the situation in Ukraine but the full impact on prices was yet to be seen.
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