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2026.03.3100:09:06UTC+00UK Shop Price Inflation Rises 1.2% in March

UK shop price inflation rose by 1.2% year-on-year in March 2026, up from 1.1% in February but slightly below market expectations of 1.3%, as the economic impact of the Middle East conflict began to filter through to consumer prices. Food inflation eased to 3.4%, down from 3.5% in February and in line with the three-month average. Non-food inflation was unchanged at 0.1% in March, following a 0.1% decline in February. Helen Dickinson, Chief Executive of the British Retail Consortium, said: “Higher costs stemming from the conflict in the Middle East are beginning to feed into supply chains. While retailers will work with their suppliers to limit the impact on prices as much as possible, inflation is set to rise, although there is no sign it will return to the highs seen during the last spike in April 2023.”

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