Shop price inflation in the UK rises to 5.1%, highest rate on record

Prices in British shops rose at the highest rate since at least 2005 this month as Britons battled soaring costs on everything from gasoline to crisps.

The British Retail Consortium said shop price inflation accelerated to 5.1% in August, a new record for the index which was started in 2005, and up from 4.4% in July. Food price increases hit 9.3% with milk, margarine and crisps seeing the biggest rises. This level of food inflation could continue for at least another six months, according to NielsenIQ, which produces the data for the BRC.

Shoppers are doing everything they can to save money