More Pain for British Consumers as Grocery Prices Rise

More Pain for British Consumers as Grocery Prices Rise
Scales to weigh loose fresh produce are seen in the supermarket Asda in Leeds, Britain, on Oct. 19, 2020. Molly Darlington/Reuters
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LONDON—British grocery prices increased 1.7 percent in the four weeks to Oct. 3 year-on-year, market researcher Kantar said on Tuesday, adding to pressure on households already facing soaring energy bills.

With inflationary pressures mounting in the British economy, one Bank of England policymaker on Saturday told households to get ready for early interest rate rises.