uk iconUK

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
smsfadviser logo

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

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox