By Marcus Leach

The British Retail Consortium (BRC) released data on Wednesday that showed shop price inflation has risen in June to its highest level since October 2008.

The figure rose from 2.3% in May to 2.9% in June, which the BRC say is down to higher petrol and commodity prices.

Food inflation rose to 5.7% from 4.9%, its highest level for over two years, with non-food inflation edging up from 0.8% to 1.3%.

"Overall shop price inflation is being driven by surging world commodity prices, the effect of the weak pound on import costs and higher VAT, all beyond retailers' control," said BRC director general Stephen Robertson.

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