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U.K. Food Prices Increase at Fastest Pace in a Year, BRC Says

U.K. food prices increased the fastest in a year in August as manufacturers passed on higher commodity prices, the British Retail Consortium said.

Food prices rose an annual 3.8 percent, up from 2.5 percent the previous month and the most since July 2009, the BRC said in an e-mailed statement today in London, citing a survey by Nielsen. Shop-price inflation accelerated to 1.7 percent from