"Research by Opinium found that 80% of people are worried about the rising price of groceries, which would come from retailers passing on cost increases to consumers, while 73% expect the conflict to push up prices of other products."
"Helen Dickinson, the chief executive of the British Retail Consortium (BRC), said the war is driving up costs across the supply chain and families are right to be concerned."
"Other governments are already acting, she added. Germany has reduced electricity costs for businesses by moving levies off bills and EU leaders are actively discussing similar responses to this crisis."
"The Opinium survey suggested that the cost of living crisis would remain an important political issue beyond tomorrow's local elections, with 81% worried about rising energy bills."
A recent poll by Opinium reveals that 80% of people are worried about rising grocery prices linked to the Iran war. The conflict has already caused significant increases in oil and gas prices, impacting the global fertilizer industry and raising shipping costs. The UK chancellor announced support for energy-intensive businesses, but there are calls for further action to alleviate costs for the food sector. The British Retail Consortium's chief executive emphasized the need for government intervention to address non-commodity energy costs for retailers, as other countries are taking similar measures.
Read at www.theguardian.com
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