UK Grocery Inflation Eases to 3.1% Amid War Fears
Grocery price inflation in the UK fell to 3.1% in May, down from 3.8% in April, as shoppers rely more on promotions. Concerns over Middle East crisis persist.
Grocery price inflation in the UK fell to 3.1% in May, down from 3.8% in April, as shoppers rely more on promotions. Concerns over Middle East crisis persist.
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Ofgem's price cap will rise 13% from July 1, adding £18 monthly to average bills, driven by Middle East conflict and global energy volatility.
Grocery price inflation in the UK eased to 3.1% in May, down from 3.8% in April, as shoppers rely on promotions. However, warnings of cost hikes from the Middle East conflict persist.
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Ofgem announces 13% increase in energy price cap from July, driven by Middle East conflict. Average household faces £18 monthly rise, with gas bills up 24%.
Energy bills for UK households will increase by 13% due to soaring wholesale costs triggered by Iran's blockade of the Strait of Hormuz. Further hikes expected in October.
A new study reveals 80% of UK businesses are negatively impacted by the Middle East conflict, with 20% pausing investment due to geopolitical uncertainty and rising costs.
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Four in five British firms report negative impacts from the Iran war, with rising costs and supply chain disruptions. Many expect to pass costs to consumers.
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Eight in ten UK businesses report negative impact from Middle East conflict, with 20% freezing investment amid geopolitical uncertainty, according to Barclays data.
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