1 in 10 UK Firms Raising Prices Amid Rising Costs: Official Data

Shoppers on Oxford Street in central London, following the further easing of lockdown restrictions in England, on June 8, 2021. Dominic Lipinski/PA

One in 10 British businesses have raised prices to offset increasing costs caused by the supply chain crisis, official data show.

In the last two weeks, 10 percent of UK businesses reported the price of goods or services sold increased more than normal price fluctuations, up from 8 percent in mid-August and 4 percent in late December, according to data released by the Office for National Statistics (ONS) on Thursday.