UK retailers raise shop prices for first time since 2019
British retailers increased their prices for the first time in more than two years in November as the coronavirus pandemic hit global supply chains, limited staff availability and pushed up inflation for shoppers, a survey showed on Wednesday.
UK retailers raise shop prices for first time since 2019
Last Updated: 01 December 2021
Published: 01 December 2021
With the Bank of England due to consider this month a first interest rate hike since the COVID-19 crisis broke, the British Retail Consortium said shop prices rose by 0.3% compared with November 2020, the first annual increase since May 2019.
Read more at Reuters
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