Primark plots price hikes as sales rise 59% in first half of financial year

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Primark plots price hikes as sales rise 59% in first half of financial year
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The budget retailer's parent firm is the latest to warn that its bills are rising by more than it had expected and it could only do so much to shield customers from these increases.

ABF said it reflected the easing of COVID restrictions that have hammered the business.

The inflationary picture is only predicted to get worse as everyday items - such as food and energy - become more expensive across the economy. Sales rose 6% to £4.4bn over the six months but ABF said Russia's invasion of Ukraine had placed more pressure on costs than it had expected. But he added:"Measures to mitigate higher costs in all our businesses have been taken and more are planned.

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