price hikes - Neighbourhood Retailer https://neighbourhoodretailer.com The authoritative voice of the grocery industry in Northern Ireland Wed, 01 Sep 2021 15:26:44 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://neighbourhoodretailer.com/wp-content/uploads/2020/05/cropped-NR-SIte-Icon-2-32x32.png price hikes - Neighbourhood Retailer https://neighbourhoodretailer.com 32 32 178129390 Warnings of food shortages continues – price hikes on the cards: BRC https://neighbourhoodretailer.com/warnings-of-food-shortages-continues-price-hikes-on-the-cards-brc/ Wed, 01 Sep 2021 15:25:29 +0000 https://neighbourhoodretailer.com/?p=18265 UK shop prices rose 0.4% in August, according to the British Retail Consortium, in a sign that driver shortages and Brexit-induced red tape are beginning

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]]> UK shop prices rose 0.4% in August, according to the British Retail Consortium, in a sign that driver shortages and Brexit-induced red tape are beginning to hit household budgets. Helen Dickinson, the chief executive of the BRC, said: “Food retailers are fighting to keep their prices down as far as possible. But mounting pressures – from rising commodity and shipping costs as well as Brexit-related red tape, mean this will not be sustainable for much longer, and food price rises are likely in the coming months.”

There was a 0.6% rise in non-food prices, including a sharp increase in the cost of electrical goods caused by shortages of microchips and shipping problems. The indications of rising prices in the UK come as inflation across the eurozone surged to its highest level in a decade, with mounting costs of energy, goods and services hitting household spending.

Labour shortages are also a huge issue – with up to 500,000 processing jobs vacant.

The post Warnings of food shortages continues – price hikes on the cards: BRC first appeared on Neighbourhood Retailer.

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