{
  "id": 4736120,
  "title": "UK retailers raise prices by most since 2024, BRC data shows",
  "url": "https://urgent.news/2026/08/31/uk-retailers-raise-prices-by-most-since-2024-brc-data-shows",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-31T23:06:32.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/economic-indicators/uk-retailers-raise-prices-by-most-since-2024-brc-data-shows-4883366"
  },
  "original_language": "en",
  "account": "British retailers hiked prices by the most in over two years in August, as energy costs and artificial intelligence advancements affected the prices of processed food and consumer electronics, according to British Retail Consortium data. The shop price index increased to 1.5% in August from 0.9% in July, hitting its highest level since February 2024. Higher energy, input, and commodity costs are starting to impact prices, especially for ambient foods, which are often imported and processed, said BRC Chief Executive Helen Dickinson. Non-food prices, driven by the ongoing AI boom, rose in August, with electrical prices inflating due to the increased demand for memory chips and storage. BRC food price inflation reached a four-month high of 2.8% in August, up from 2.2% in July. Non-food inflation also hit a four-month high of 0.9% in August, the highest since February 2024. Meanwhile, overall consumer price inflation, measured by the Office for National Statistics, hit a four-month high of 2.9% in July. The Bank of England predicts that the Consumer Price Index (CPI) will peak at 3.2% in October and November, while food price inflation could reach 3.5% in December.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "UK retailers raise prices by most since 2024, BRC data shows",
        "url": "https://urgent.news/2026/09/01/uk-retailers-raise-prices-by-most-since-2024-brc-data-shows",
        "published": "2026-09-01T00:05:40.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}