LONDON: Food prices and overall shop prices inflation in the UK picked up in December 2025, according to the British Retail Consortium (BRC), as retailers faced rising costs. Annual shop price inflation rose to 0.7%, slightly above November’s 0.6% increase, while food inflation climbed to 3.3% from 3.0% the previous month. Prices of non-food items […]
consumer borrowing
UK consumer borrowing jumps to highest in two years
UK consumer borrowing surged in November, marking the largest increase in two years, according to Bank of England data released Monday. Households added a net £2.08 billion ($2.79 billion) in borrowing, surpassing forecasts and October’s £1.713 billion rise. The annual growth rate of consumer credit reached 8.1%, the fastest since May 2024, signaling strong household […]