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UK supermarkets have not lowered their prices despite a drop in global wholesale food prices

todayApril 20, 2023

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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, as they tend to spend a greater proportion of their income on groceries.

Written by: Relaks Radio

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K-Pop Star Moonbin of Astro Dies at 25.

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todayApril 20, 2023

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