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Story summary
- UK grocery inflation rose to 4.3% in February, up from 4% in January, as conflicts in the Middle East threaten price spikes.
- The European Central Bank's chief economist cautioned that rising energy prices could hurt growth.
- Despite inflation concerns, consumer spending showed signs of recovery.
- Online grocery sales rose 9.7% year on year, with Ocado leading growth.
- Asda and Co-op reported year-on-year sales declines of 2.6% and 1.6%, respectively.
