The British Retail Consortium (BRC) said last month store prices rose at the fastest pace in more than a decade.

According to the BRC-NielsenIQ price index, retail prices rose from 2.1% in March to 2.7% in April.

This was the highest annual inflation rate recorded since September 2011.

These figures will increase the pressure on Boris Johnson to do more to address the cost of living crisis that will occur just a day before the local elections.

Read more: Will it be the cost of living crisis or Partygate deciding the election?

Helen Dickinson, executive director of the BRC, said: “The impact of rising energy prices and the conflict in Ukraine continued to affect April retail prices.

Food prices rose 3.5% year-over-year against April from 3.3% in March.

But growth has slowed slightly for fresh food, from 3.5% in March to 3.4% in April, which Ms Dickinson attributes to “fierce competition between supermarkets”.

“Global food prices have reached record highs, up just 13% from last month, and even higher on butter and cereals,” she said.

“As these costs are filtered through supply chains, they will put further pressure on food prices in the UK in the coming months.

“Retailers will continue to do their best to keep prices low and provide value to their customers by limiting price increases and expanding price ranges, but this will put pressure on them so they can save elsewhere.

“Unfortunately, customers need to prepare for further price increases and a bumpy road.”

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Mike Watkins, head of retail and business at research firm NielsenIQ, said consumers are likely to restrain their spending habits in response to rising inflation and rising cost of living, such as electricity bills.

The Bank of England has warned that inflation – which reached 7% in March – could exceed more than 8% this year.

“As food retailers are no longer immune to this pressure, supermarkets are responding by lowering prices for some everyday foods,” he said.

Prices for non-food products rose 2.2% year-on-year to the highest level since 2006.

For comparison with the growth of 1.5% for the year to March.

Ms. Dickinson said the biggest jumps are in furniture, electrical engineering and books.

“It has been exacerbated by disruptions at the world’s largest seaport The recent closure of Shanghai“she said.

https://news.sky.com/story/cost-of-living-crisis-worsening-as-shop-prices-rise-at-fastest-rate-in-more-than-a-decade-12604935

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