UK shop-price inflation accelerates in June

Tough times: A man walks pass a closed store in Reading. A research found that millions of low-income UK households are going without essentials, falling behind on bills and taking on debt. — Bloomberg

LONDON: The price of basic goods in UK stores is rising at the fastest pace in almost 14 years, leaving poorer families taking drastic action to make ends meet, according to surveys.

The British Retail Consortium (BRC) said shops are having to pass on some of the burden of soaring raw materials costs, leading to the biggest price increases since September 2008.