U.K. shop-price inflation in early February hit a further record high as soaring energy bills, higher costs and a tougher trading backdrop continued to impact retail prices in all categories, the latest shop-price index report by NielsenIQ and the British Retail Consortium showed.
Prices at U.K. stores for Feb. 1-7 were 8.4% higher than the same period a year earlier. This compares with January’s increase of 8.0% and a three-month average rate of 7.8%, according to the report.
Fresh-food…
