Sky News
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Inflation explained: why your food shop is seeing double digit price rises
Posted
August 20, 2025
Views
6,862
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August 20, 2025
6,862
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2:26Now PlayingWage rises have been cited as a major reason why costs have been going up, with hopes of an interest rate cut dashed by above-target inflation and rising unemployment.
If there is good news, it is that the increase was fairly narrow, confined to a few "divisions" of spending.
A major strawberry grower told Sky News his wage bill has risen 11%, and those labour costs make up two-thirds of the price of his crop. That leaves him with no choice but to pass it on to his customers.
#skynews #inflation #economy #finance
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