UK shop prices hit highest rate of inflation since 2008

Prices up 3.1% on a year ago, with fresh food prices in particular rising sharply, figures show

Shop prices have hit their highest rate of inflation in almost 14 years as businesses grapple with soaring supply chain costs and a cut in household spending, figures from the British Retail Consortium (BRC) show.

They were up 3.1% on a year ago in June, up from 2.8% in May - the highest rate of inflation since September 2008, according to the BRC-NielsenIQ shop price index.