UK shop prices increased the most since records began in 2005 amid cost of living crisis, the British Retail Consortium reported. Shop prices grew 4.4 percent on a yearly basis in July, faster than the 3.1 percent increase posted in June. Rising production costs, exacerbated by the war in Ukraine coupled with exorbitant land transport costs, led food prices to rocket to 7 percent. Powered by Commodity Insights
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