British grocery inflation hit a record 16.7% in the four weeks to Jan. 22, dealing another blow to consumers battling an escalating cost-of-living crisis, industry data showed on Tuesday. Market researcher Kantar said grocery inflation was at its highest since it started tracking the figure in 2008, with prices rising fastest in markets such as milk, eggs and dog food.
More in LATEST FINANCIAL NEWS
LATEST FINANCIAL NEWS
Oil trades in different directions: investors assess demand in China and the outlook for the US economy
Oil prices rose in Asian deals on Tuesday amid hopes for a recovery in Chinese fuel...