Inflation up by 0.1% in April, fresh food inflation at 1.8% year-on-year
- Food inflation rises in April
- Labour costs contribute to price increase
- British Retail Consortium data shows rise
Food inflation has increased by 0.1% in April, according to the latest data from the British Retail Consortium (BRC), with labour costs playing a significant role in driving up prices. This comes after a decline of -0.4% in March. Fresh food inflation also saw an increase of 1.8% year-on-year in April, compared to a growth of 1.4% in March.
Factuality Level: 8
Factuality Justification: The article provides accurate and relevant information about food inflation rates and their change between March and April, citing a reputable source (the British Retail Consortium). It is concise and does not contain any digressions or irrelevant details. The reporting is not exaggerated or sensationalized, nor does it include personal opinions or bias.
Noise Level: 7
Noise Justification: The article provides relevant information about food inflation and its increase in April compared to the previous month. However, it could benefit from more context and analysis of the underlying factors contributing to the rise in prices and potential implications for consumers and businesses.
Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses food inflation, which can impact consumer spending and businesses’ profitability. It mentions increased labour costs, which may affect companies’ expenses and potentially their financial performance.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text and it doesn’t meet the criteria for an extreme event happening within the last 48 hours.
www.retailsector.co.uk