Food inflation soars to record 11.6% as energy costs, according to British Retail Consortium
2 years, 1 month ago

Food inflation soars to record 11.6% as energy costs, according to British Retail Consortium

Daily Mail  

Separate data from Trolley shows that tea bags are now on average 41p more than they were in October 2021 The cost of Britain's favourite hot beverage - the humble cup of a tea - has soared by a staggering 16 per cent, figures revealed today. Food inflation hit a record 11.6 per cent in October, according to the British Retail Consortium -Nielsen Shop Price Index The figures shows how supermarket food prices have soared from October last year to October this year. How an average cup of tea has increased in price: Cost of milk rises by staggering 27 per cent while price of tea bags and sugar also soars Data from the Trolley Grocery Price Index, shows how tea bags have risen by 7 per cent in the last year, sugar by 11.3 per cent and milk by a staggering 27.3 per cent. Separate data from the Trolley Grocery Price Index showed tea bags have risen by 7 per cent in the last year, sugar by 11.3 per cent and milk by a staggering 27.3 per cent. ONS figures show that all food and drink has gone up in September - with these staples rising by up to 42% Transport costs such as fuel are falling but the majority of goods and services continue to rise The cost of well known brands has shot up in just 12 months, with some goods costing more than 30% more now than this time last year This new chart shows just how inflation is being driven by rising prices in food, drink and other goods and services But in good news, transport costs and fuel costs are now falling as some hope inflation is peaking The cost of food in the UK is now at its highest inflation level since 1980 Many countries have been hit by the inflation shockwave from the war in Ukraine, although only Germany has a higher level than the UK currently But in a sliver of good news, chocolate, wine and beer have seen the most modest increases of between 2 per cent and 5 per cent.

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