soaring

Brexit has fueled soaring food prices in the UK, says Bank of England politician

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Brexit is contributing to a spike in food prices as the country slips into recession, a senior Bank of England official has warned. Swati Dhingra – the newest member of the Bank’s Monetary Policy Committee (MPC), which sets interest rates – also used an interview with the Observer to suggest that the next round of …

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More middle-class shoppers are heading to Walmart, Dollar General and other discount stores for better deals on groceries to save money amid soaring inflation

Middle-class shoppers turn to discount supermarkets as soaring inflation hits household budgets

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Middle-class shoppers, hit by decades-long high inflation, turned to discount supermarkets, which boosted sales at Walmart and Dollar General. Although inflation has fallen to 7.7%, it remains stubbornly high as Americans have felt the pain at grocery stores, with many opting to seek out better deals. While bread and milk are $4.79 and $8.99 respectively …

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