UK food prices forecast to rise 4.2%, driven by higher costs in insurance, wages, and packaging.

UK food prices are expected to rise by 4.2% in the coming months due to increased costs from higher national insurance, the National Living Wage, and new packaging fees. The British Retail Consortium warns these price hikes will affect both food and non-food items, reversing current deflation trends. The group calls for government intervention to help mitigate these pressures on consumers.

January 09, 2025
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