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BRC: UK Shop Price Inflation Rises to Over Two-year High in August

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The UK's shop price inflation climbed 1.5% year over year in August, from 0.9% a month ago, a survey by the British Retail Consortium showed Tuesday.

The latest reading was above the consensus estimate of 0.9% and marks an over two-year high.

BRC Chief Executive Helen Dickinson attributed the rise in inflation to higher energy, input, and commodity costs, noting "challenging" months ahead for households.

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