Food prices rise at fastest rate since 2008, BRC finds

The BRC also showed that shop price annual inflation increased to 5.1% in August, up from 4.4% in July, and is now the highest since 2005 when the BRC index started

New data from the British Retail Consortium (BRC) and NielsenIQ index has shown that food prices have risen at their fastest rate since 2008 in August, with an increase of 9.3% after an initial 7% increase last month. 

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