Good morning. Retailers have warned shelf food prices are increasing at the fastest pace in a decade as shops pass on higher costs to customers.
Shop food price inflation picked up to 4.3pc in May according to the British Retail Consortium, the highest since 2012.
Helen Dickinson, the BRC’s chief executive, said the increase in prices will “get worse before it gets better”, adding: “With little sign that the cost burden on retailers will ease any time soon, they will be left with little room for manoeuvre, especially those whose supply chains are affected by lockdowns in China and the war in Ukraine.”
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