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What’s causing UK shop prices to go up?
UK shop prices are rising mainly because of increased costs for retailers. Higher energy prices, wages, and government taxes, including upcoming taxes like the packaging tax, are pushing costs higher. Retailers often pass these costs onto consumers, leading to higher prices on both food and non-food items.
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Will inflation keep rising in the UK?
Inflation in the UK is expected to continue into early 2026 due to ongoing global economic pressures and domestic cost increases. Factors like rising energy costs, wage pressures, and government tax policies are likely to keep pushing prices higher for the foreseeable future.
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How are housing rules changing in Hong Kong?
While this page focuses on UK retail prices, it's worth noting that Hong Kong has recently introduced new housing regulations aimed at making housing more affordable and regulating property markets. These changes include adjustments to property taxes and new policies to control speculation, impacting the housing market in Hong Kong.
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What’s the outlook for household budgets?
With shop prices rising and inflation expected to persist, household budgets are feeling the squeeze. Many families are adjusting their spending, prioritizing essentials, and looking for ways to save. Experts suggest that ongoing inflation will require careful financial planning for the coming months.
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Are food prices also rising?
Food inflation in the UK remains steady at around 4.2%, but overall retail prices are increasing due to higher costs in non-food sectors. While food prices haven't surged as much as other items, ongoing global energy and labour costs could influence future food prices.
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How are retailers coping with rising costs?
Retailers are trying to balance higher costs with consumer demand by offering more promotions and discounts. However, many are also warning that continued cost pressures may lead to further price increases, especially if global economic conditions worsen.