UK shop price annual inflation increased to 5.7 per cent in September, up from 5.1 per cent in the previous month.
According to the latest data from the British Retail Consortium (BRC), the figures mark another record for shop price inflation since the organisation started its price index in 2005.
Food prices increased at the highest rate of inflation on record, increasing to 10.6 per cent this month, up from 9.3 per cent in August.
“The war in Ukraine continued to drive up the price of animal feed, fertiliser and vegetable oil, causing fresh food inflation to rise significantly over the past few months, particularly for products such as margarine,” said Helen Dickinson, chief executive, BRC. “While the summer drought diminished some harvests, other produce benefitted from the prolonged sunshine, helping to bring down prices for fruits such as strawberries, blueberries, and tomatoes.
"Non-food inflation also rose, largely driven by DIY, gardening and hardware products which, as heavier items, have been harder hit by rising transport costs.”
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Poundland significantly reduces antisocial behaviour, aggression and shoplifting with Motorola Solutions VT100 body cameras
Retail should not be a high-risk occupation. As a company, we are focused on listening to our colleagues and customers to help them with the issues they are facing in-store and so far, the feedback on our body cameras has been excellent. They act as a great visual deterrent, help to de-escalate situations and overall, this project has significantly aided our goal to make the retail environment safer.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
For further information on Motorola Solutions’ retail security products, including body cameras, click here.
Supplying demand: how fashion retailers can meet the needs of customers and still be sustainable
The fashion industry is no stranger to breaking the mould and setting trends, but the pursuit of style can come at a huge cost to the environment.
New legislation, such as the European Union's Ecodesign for Sustainable Products Regulation, will set mandatory minimums for the inclusion of recycled fibres in textiles, making them longer-lasting and easier to repair.
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