UK shop price inflation almost doubles in January

Food prices rose 2.7% but the biggest change was in items such as flooring, with prices up 0.9% compared with 0.2% in December

Shop price inflation almost doubled in January to the highest level for nearly a decade as the cost of furniture and flooring shot up.

Annual inflation of goods bought from retailers rose to 1.5% last month from 0.8% in December, according to the latest data from the British Retail Consortium (BRC) trade body and the market research company NielsenIQ, the highest level since December 2012.

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