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Brits cut back on groceries in March as cost of living continues to bite

Consumer card spending grew just 4.0% year-on-year in March, less than half the latest CPIH inflation rate of 9.2%, as Brits made further cutbacks to cope with the cost-of-living crunch. According to figures from Barclays, spending on groceries increased 7.1%, well below the latest ONS food price inflation rate (18.2 per cent), as 88% of …

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