Qualified advisers answering your
Financial Questions
call 0800 092 1245

UK shop inflation hits 2%

The British Retail Consortium has confirmed that pressure in the UK marketplace has pushed both food and non-food prices higher by 2% in April. This is an increase from 1.2% for food and 1.3% for non-food in March and appears to be due to a mixture of rising commodity prices and higher transport costs. While not good news in the short term for the UK economy there are hopes that it will be just a short-term issue and should not get out of control.

At this moment in time there is pressure on both services and product prices in the UK due to a mixture of different elements coming into play. Hopefully, once these elements have settled down and their impact has been reduced we will see UK shop inflation fall to more comfortable levels. It does however put pressure on UK businesses in the short to medium term with many companies already experiencing financial difficulties.

There are hopes that whichever government wins the day at Thursday's general election there will be funding forthcoming for the UK business arena at least in the short-term. Whether this funding does materialise remains to be seen but many companies are banking on this.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details