Primark owner warns of autumn price rises as costs increase

Associated British Foods says its brands, including Twinings and Ryvita, also feel the inflationary heat

The owner of Primark has saidthe clothing chain will have to raise prices on its autumn and winter ranges as it is no longer able to offset cost increases with savings.

Associated British Foods (ABF) said its food businesses, which include Twinings, Kingsmill and Ryvita, face increasing inflationary pressure in many areas including raw materials, commodities, energy and supply chain costs made worse by the war in Ukraine.