UK grocery inflation in surprise rise as experts warn of worse to come
by Julia Kollewe from World news | The Guardian on (#73Z5E)
Extended war in Middle East could cause substantial spike' in inflation and sharp drop in output' in eurozone and UK, ECB official says
Shoppers faced a surprise jump in grocery inflation last month after four successive months of falls, as experts warned there was worse to come if there was prolonged war in the Middle East.
In a blow to households struggling with the cost of living, grocery price inflation rose to 4.3% in the four weeks to 22 February, after falling to 4% in January from 4.7% in December, according to the market research company Worldpanel by Numerator.
Continue reading...