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MercoPress, en Español

Montevideo, November 5th 2024 - 07:58 UTC

Tag: British Retail Consortium (BRC)

  • Monday, June 5th 2023 - 13:07 UTC

    British government mulls food price cap; retailers skeptical of impact

    The idea of a cap or freeze on basic food items, as first reported by the Daily Telegraph, is said to be at the “drawing board stage”.

    The British Government's plans to introduce a cap on the price of basic food items will not help tackle the rising cost of living, retailers have warned. The British Retail Consortium (BRC) said the measures would not make a “jot of difference” and could thwart efforts to cut inflation.

  • Wednesday, August 29th 2018 - 08:23 UTC

    UK heat wave consequences: shop prices increase breaking a 63 month cycle

    BRC warned of much steeper price rises if the UK quit the European Union without a trade deal.

    UK shop prices have risen for the first time in five years, according to the latest data from the British Retail Consortium (BRC). It said shop prices increased by 0.1% in August, breaking a cycle of 63 months when prices fell. This happens after food inflation jumped to a seven-month high of 1.9% after the recent heat wave, which hit crop yields.