There is little hope of food prices “going anywhere but up” in the second half of 2025 due to changes announced in the Budget, a retail lobby group has warned. The costs of higher wages and National Insurance tax changes coming in April will be passed on to consumers, the British Retail Consortium (BRC) said. It forecast food price inflation would rise from 1.8% last month to 4.2% in the latter half of this year, and that price rises will continue for vegetable oil, orange juice, butter, and coffee. It added that overall shop prices, which have been falling, will start rising again.
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