10
February
Food prices fuel inflation fears as Bank of England votes on interest rates
10 February 2011 The Telegraph
Food prices rose 4.6pc, up from 4pc the previous month and the steepest rise since June 2009, the BRC said in its Shop Price Index compiled by Nielsen. Overall shop prices increased 2.5pc from a year earlier.
Non-food prices rose 0.1pc as the VAT rise was largely absorbed by retailers. BRC director general Stephen Robertson said: "Retailers generally took the hit on behalf of customers."
