UK shop price inflation rises to 1.2 percent in March

UK shop price inflation rose to 1.2% in March as the Iran conflict impacted supply chains. Retailers warn that new laws could further increase store prices.

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Retail price growth in the United Kingdom accelerated slightly in March as geopolitical tensions and supply chain pressures began to weigh on the retail sector. According to the latest data from the British Retail Consortium (BRC), shop price inflation reached 1.2% in the 12 months to March, up from 1.1% in February.

A shopper carries a basket in a supermarket in London, Britain. REUTERS/Neil Hall/File Photo
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