Grocery and supermarket prices are increasing in the UK. Sales of bottled water and canned food increased following the start of the Be Ready campaign. Data show Britons are stockpiling these items, but they are not panic buying.
Global grocery and energy costs keep rising due to El Nino and the Iran war. In the US, inflation eased in October. However, power and food expenses still rose in the American market.
“Data show Britons are stockpiling these items, but they are not panic buying,” — Marcus Brennan, senior market analyst at Newley Cliff Advisory, observed.
Nov 10 — Grocery and supermarket prices are increasing in the UK....
Nov 10 — However, power and food expenses still rose in the American market....
This story has been closely followed by our readers since Nov 7. The Newley Cliff Advisory desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Monday, Nov 16.
Editor's note: this report was prepared by the Newley Cliff Advisory desk and last updated 02:15 UTC.
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