UK supermarkets have not lowered their prices despite a drop in global wholesale food prices
UK supermarkets have not lowered their prices despite a drop in global wholesale food prices, leading to inflation remaining higher than expected. The British Retail Consortium said there could be a three to nine-month lag before seeing price falls in stores. Inflation fell to 10.1% in the year to March from 10.4% in February, but still remained high due to food prices rising at their fastest rate in 45 years. Rising food prices tend to impact poorer households the most, […]
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