National insurance hike and energy bills behind food price rise, say UK retailers
Latest BRC figures show year-on-year rate of increase was 3.9% in January, up from 3.3% the month beforeRetailers have blamed rising energy bills and the chancellor Rachel Reeves’s hike in employers’ national insurance contributions for a jump in food prices, as suppliers and supermarkets...
<p>Latest BRC figures show year-on-year rate of increase was 3.9% in January, up from 3.3% the month before</p><p>Retailers have blamed rising energy bills and the chancellor Rachel Reeves’s hike in employers’ national insurance contributions for a jump in food prices, as suppliers and supermarkets struggle to absorb higher costs.</p><p>The British Retail Consortium (BRC), the trade body for retailers, said prices across all goods in shops rose by 1.5% in January compared with the same month last year, up from a 0.7% rise in December and higher than the 0.7% increase economists had been expecting. It is also above the three-month average of 0.9%.</p> <a href="https://www.theguardian.com/business/2026/jan/27/national-insurance-hike-and-energy-bills-behind-food-price-rise-say-uk-retailers">Continue reading...</a>
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