Housebuilder Persimmon and Primark owner Associated British Foods today revealed the impact of increased economic uncertainty.
Persimmon reported rising cancellation rates, with higher interest rates creating pressure on weekly sales rates and its forward sales.
The owner of Primark also revealed today it had decided not to implement further price increases on this year's autumn/winter and spring/summer ranges beyond those already actioned and planned.
Food price inflation has hit a record high as soaring energy prices and labour costs push prices up at supermarket shelves. Grocery price inflation now stands at 14.7%, according to data insights business Kantar, a record high since the firm began tracking prices in this way in 2008.
