Shop price rises nearly double in January

Key Facts

• Image source, Getty Images Shoppers have been hit by the highest price rises in nearly 10 years after shop inflation almost doubled over the past month, data suggests.
• The British Retail Consortium (BRC) and research firm NielsenIQ measured inflation in retailers in the UK in the first week of January, looking at price changes in 500 commonly bought items.
• HIGHER COSTS Helen Dickinson, chief executive of the British Retail Consortium, said: "January saw shop price inflation nearly double, driven by a sharp rise in non-food inflation.
• "In particular, furniture and flooring saw exceptionally high demand leading to increased prices as the rising oil costs made shipping more expensive.

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