Brits woke up to yet more grim news on inflation Tuesday, with new data showing prices in UK stores are rising at a record pace. It’s the latest sign of a seemingly intractable cost-of-living crisis that has Prime Minster Rishi Sunak considering drastic measures,

British Retail Consortium says rate fell from 15.7% to 15.4% even as rise in overall shop prices hits fresh high

Prices at U.K. stores in the first week of May were 9% higher on year, a new record high, but food inflation slowed slightly, as lower energy and commodity costs started to ease.

"The continued move higher in shop prices in the UK offered a reminder that inflation remains sticky like glue, though there was a glimmer of hope as the surge in food prices eased just a touch," Russ Mould,

British shop price inflation picked up this month to reach its highest rate since industry records began in 2005, although growth in food prices cooled slightly, a survey showed on Tuesday.