U.K. grocery inflation hits 4.3% in surprise rise as experts warn of Middle East supply risks

Worldpanel by Numerator, a U.K. market research firm, reported that British grocery price inflation rose to 4.3 percent in February following four months of consecutive declines. The European Central Bank warned that the prolonged military conflict in the Middle East is threatening to cause a substantial spike in regional energy prices. Meanwhile, online grocery purchases surged to their highest level since 2021 as major supermarket chains, including Tesco and Sainsbury's, increased their overall market share.