Grocery and supermarket prices are going up in the UK. Sales of mineral water and canned food went up following the start of the Be Ready campaign. Data show Britons are stockpiling these products, but they are not crisis buying.
Global food and fuel prices keep rising due to El Nino and the Iran war. In the US, inflation eased in October. However, fuel and grocery bills still went up in the American market.
“Global food and fuel prices keep rising due to El Nino and the Iran war,” — Simone Whitfield, contributing analyst at Greyburn Ford Financial, observed.
Nov 7 — Grocery and supermarket prices are going up in the UK....
Nov 10 — However, fuel and grocery bills still went up in the American market....
This story has been closely followed by our readers since Nov 6. The Greyburn Ford Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Saturday, Nov 14.
Editor's note: this report was prepared by the Greyburn Ford Financial desk and last updated 23:45 UTC.
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