It’s thought tens of thousands of workers at the Yue Yuen Holdings Inc., factory in China have gone on strike to demand better employment benefits.
The UK’s inflation rate, measured by the Consumer Prices Index, fell to 2 per cent in December, the first time it’s reached the government’s set target since November 2009. Inflation fell 2.1 per cent from November 2013, a drop that the Office for National Statistics (ONS) attributed to slower increases in the prices of food.
Prices of frozen turkeys this year are up by 17 per cent in supermarkets, despite the wholesale market only increasing by 8 per cent. Research published by The Grocer Magazine last year found that the average price of a frozen turkey weighing 5-6kg cost £17. This is compared to the £20 average which supermarket chains will be commanding this year, according to the Daily Mail.
New figures show shop prices in March rose at the fastest rate since December as the cost of non-food goods increased for the first time in over a year. According to the latest results from the British Retail Consortium (BRC), shop price inflation rose 1.4 per cent overall last month, up from 1.1 per cent in February.
The latest results from the British Retail Consortium (BRC) - Nielsen Shop Price Index have found shop price inflation nearly doubled in February, despite food inflation falling to a five-month low. The BRC on Wednesday announced overall shop price inflation rose from 0.6 per cent over the year to January to 1.1 per cent over the 12 months to February.
Shop prices in the UK experienced the slowest-rate of growth in more than three years as post-Christmas sales eased household spending. The latest results from the British Retail Consortium (BRC) and Nielsen found shop price inflation fell to 0.6 per cent in January from 1.5 per cent in December.
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