The Guardian Australia – Business
·business
·2 hours ago
UK consumers likely to face higher prices ‘for many months to come’
UK consumers face higher prices for many months ahead despite potential Iran ceasefire, the British Retail Consortium warned. Shop price inflation rose to 1.2% year-on-year in May, driven by energy costs and shipping disruptions affecting furniture and health products. Only 16% of businesses escaped impact from Middle East turmoil, with manufacturers hit hardest.
Summary by Glance · The Guardian Australia – Business
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