Summary
FAMILIES bracing themselves for the impact of spending cuts are being faced with a hike in the price of food and clothing, putting further pressure on consumer spending.
The cost of clothing soared by 2.8% from July to August, the largest rise for the period since 2001, while bread, cereal and vegetables contributed to a 0.1% increase in food prices in the month, the Office for National Statistics said.See the full content of this document
Extract
Blow for Shoppers As Clothes and Food Costs Rise
The rise in VAT to 20%, which comes into force at the start of next year, a continued increase in food prices, and the impact of soaring cotton prices are also ...
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