Wage rises have been cited as a serious cause why prices have been going up, with hopes of an rate of interest reduce dashed by above-target inflation and rising unemployment.
If there’s excellent news, it’s that the rise was pretty slender, confined to a couple "divisions" of spending.
A serious strawberry grower advised Sky News his wage invoice has risen 11%, and people labour prices make up two-thirds of the value of his crop. That leaves him with no selection however to cross it on to his prospects.
Read extra: https://news.sky.com/story/why-were-seeing-double-digit-price-rises-in-food-shop-staples-13415063
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