- Supermarket inflation in the UK rose for the first time in over a year in June, increasing from 2.4 per cent in May to 2.6 per cent, according to consumer group Which?.
- Fish saw the sharpest price increase, rising by 11.1 per cent over the year, followed by energy drinks, chocolate, water, and fresh fruit.
- The conflict between the US and Iran, particularly its impact on the crucial Strait of Hormuz shipping route, is identified as a key factor driving up fuel, energy, and food costs globally.
- Specific products experienced significant individual price hikes, including Asda own-brand cheddar slices (113 per cent) and Sainsbury’s own-brand pork pies (92 per cent).
- Supermarket executives acknowledge ongoing "pressure in the system" due to energy costs and geopolitical events, while some retailers dispute the figures or highlight their commitment to low prices.
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