UK Supermarkets Predict Relief from Inflation-Driven Price Hikes

UK supermarkets have said that the rise in food prices will ease soon as global food prices have dropped. However, the retail industry body has said that there is a three to nine-month lag to see price falls reflected in shops. Inflation fell to 10.1% in the year to March from 10.4% in February, driven by food prices rising at their fastest rate for 45 years. The UK has faced problems such as Brexit red tape, labour shortages, and bad weather abroad, leading to shortages of some vegetables. The Bank of England has been raising interest rates to try and curb inflation.