Inflation in UK shops hits record high with more pain ahead

Ocado Group said average basket sizes at its tie-up with Marks & Spencer fell by 7.5% to 45 items in the first quarter. — Bloomberg

LONDON: Prices in UK stores have soared to another record high in a sign that the cost-of-living crisis is far from over.

The inflationary crunch has prompted shoppers to buy fewer items, according to one of the country’s best-known online grocers.