The cost of war: over 40% of retailers and transport and storage firms plan May price increases

The cost of war: over 40% of retailers and transport & storage firms plan May price increases

The true cost of the Iran conflict is hitting home for UK businesses and consumers, says the international delivery expert Parcelhero. New figures from the ONS show a 22.5 percentage point increase in the number of transport & storage sector firms planning May price increases over April, with retailers and manufacturers not far behind. The latest Office for National Statistics (ONS) Business Insights survey reveals over 40% of retailers and tran…

Transport and retail firms plan price hikes as costs rise

More than two in five UK transport and storage firms plan to raise prices as cost pressures continue to build across supply chains, according to new data from the Office for National Statistics. The latest Business Insights survey shows 41.1% of transport and storage businesses intend to increase prices this month. The trend is mirrored across other sectors, with 40.5% of retailers and 35.2% of manufacturers also expecting to pass on higher cost…

The cost of war: over 40% of retailers and transport and storage firms plan May price increases

The true cost of the Iran conflict is hitting home for UK businesses and consumers, says the international delivery expert Parcelhero.   New figures from the ONS show a 22.5 percentage point increase in the number of transport & storage sector firms planning May price increases over April, with retailers and manufacturers not far behind.