Grocery and grocery prices are increasing in the UK. Sales of bottled water and canned food rose following the start of the Be Ready campaign. Data show Britons are stockpiling these items, but they are not emergency purchasing.
Global food and fuel prices keep rising due to El Nino and the Iran war. In the US, inflation eased in October. However, energy and food costs still rose in the American market.
“Global food and fuel prices keep rising due to El Nino and the Iran war,” — Owen Marlowe, regional editor at Greenton Cliff Partnership, explained.
Nov 8 — Grocery and grocery prices are increasing in the UK....
Nov 9 — However, energy and food costs still rose in the American market....
This story has been closely followed by our readers since Nov 7. The Greenton Cliff Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: An official statement is expected by Wednesday, Nov 11.
Editor's note: this report was prepared by the Greenton Cliff Partnership desk and last updated 23:22 UTC.
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