With food prices continuing to rise and a tough Christmas holiday period ahead, many U.K. consumers will be managing their budgets more tightly than at the start of the cost-of-living crisis, according to an analysis commissioned by grocery retail app Ubamarket.
The cost-of-living crisis is expected to have an increasingly significant impact on retailers and consumers in the U.K. market, with British Retail Consortium (BRC) advising that in the past month, food inflation reached 12.4 percent – the highest since records began, and that households are now due to face prices that are 7.4 percent higher than last November, and up from 6.6 percent in October …
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