UK Food Inflation Jumps to 2-Year High on Surging Energy Costs

British Retail Consortium (BRC) reported UK shop price inflation rose to 1.5% in August, up from 0.9% in July, marking a two-year peak. This surge is attributed to higher energy and commodity costs filtering through to consumers, with inflation expected to climb further through autumn. Such persistent global inflation trends could contribute to broader concerns, potentially influencing central bank stances and indirectly affecting gold's safe-haven appeal or the Pakistani Rupee's stability.

بحوالہ / Source: oilprice.com