{"id":510,"date":"2026-05-26T07:06:10","date_gmt":"2026-05-26T07:06:10","guid":{"rendered":"https:\/\/usmovingexpertss.com\/?p=510"},"modified":"2026-05-26T07:06:10","modified_gmt":"2026-05-26T07:06:10","slug":"uk-shop-price-inflation-picks-up-retailers-ask-government-to-help","status":"publish","type":"post","link":"https:\/\/usmovingexpertss.com\/?p=510","title":{"rendered":"UK shop price inflation picks up, retailers ask government to help"},"content":{"rendered":"
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LONDON – British shop price inflation sped up in May on the back of disruption and higher energy costs caused by the Iran war, according to a retail industry group which said the government had to do more to keep costs down.<\/p>\n

Read more Philippines ends rescue efforts as hope fades for victims of building collapse<\/a><\/p>\n

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The British Retail Consortium’s monthly survey of major chains published on Tuesday showed that prices in May were 1.2% higher than a year earlier, up from a 1.0% rise in April.<\/p>\n

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Food price inflation slowed to 2.7%, its lowest in a year, from 3.1%.<\/p>\n

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Furniture and health and beauty products rose by the most reflecting rising raw material and shipping costs. <\/p>\n

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BRC Chief Executive Helen Dickinson said the government – which has pressed supermarkets to slow price increases and flirted with the idea of demanding price caps this month – had to play its part in bringing down costs for retailers.<\/p>\n

Read more Sri Lanka jolts markets with outsized 100-bp rate hike to counter Gulf crisis<\/a><\/p>\n

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“Reducing the non-commodity charges, taxes and levies that make up more than two-thirds of energy bills, and cutting red tape would help keep inflation down,” Dickinson said.<\/p>\n

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Britain’s broader official consumer price inflation index fell to 2.8% in April but is expected to rise again to around 4% in the coming months due to the energy price shock. <\/p>\n

Read more ECB should raise rates in June, even if Iran peace deal is struck, Schnabel says<\/a><\/p>\n

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(Writing by William Schomberg; editing by Suban Abdulla)<\/p>\n

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Copyright Reuters or USA Today Network via Reuters Connect.<\/i><\/p>\n

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