Food inflation to soar to 9 per cent by end of year, trade body warns
Food inflation in the UK is expected to rise to 6% by the end of the year, posing a significant challenge to household budgets. The British Retail Consortium warns that this increase will be driven by rising costs, including employer national insurance and the national living wage.
Food inflation is set to increase to 6% by the end of the year. The British Retail Consortium predicts this rise due to higher costs. Currently, food inflation is at 4%. The predicted increase will pose challenges to household budgets, especially during Christmas. Retailers have already frozen recruitment and reduced job numbers. The industry has been hit by £7 billion in new costs and taxes.
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