UK Shop Prices Growing at Fastest Rate in Over a Decade

UK Shop Prices Growing at Fastest Rate in Over a Decade
A woman holds a shopping basket of groceries in Cardiff, Wales, on May 22, 2022. Matthew Horwood/Getty Images
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Shop prices in the UK grew at the fastest rate in more than a decade in May, driven mainly by accelerating food inflation.

According to the latest shop price index from the British Retail Consortium (BRC) and NielsenIQ, retail price inflation rose to 2.8 percent in May, the highest figure since July 2011.