Retailers say tax rises could further fuel inflation as shop prices jump

Retailers are raising alarms as the British Retail Consortium reports that shop price inflation has surged to 1.4% in September, up from 0.9% in August. This increase is making shopping more expensive for households, particularly with rising costs in home improvement and gardening goods. Retailers warn that potential tax hikes could exacerbate this inflation, further straining consumers' budgets. This situation is significant as it highlights the ongoing challenges faced by both retailers and shoppers in a fluctuating economic landscape.