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Shop price inflation rises to 4.4% in July – the highest rate since 2005

July 27, 2022

Via: Sky News

Food inflation was up 7%, compared to 5.6% in June. This was partly due to a 8% rise in fresh food inflation, up from 6.2% in June.

Non-food inflation hit 3%, up from 1.9% in June – a record-high, beating the previous record of 2.2% in April.

Helen Dickinson, chief executive of the British Retail Consortium, said: “Rising production costs – from the price of animal feed and fertiliser to availability of produce, exacerbated by the war in Ukraine – coupled with exorbitant land transport costs, led food prices to rocket by 7%.

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