Food prices soaring at fastest rate for 18 months, High Street stores admit

UK – Food prices are rising at the fastest annual rate for at least 18 months, admit High Street stores.

Retail food price rises are running at 4.7per cent a year, according to the British Retail Consortium.(BRC)

The organisation claims the figures would be far worse if supermarkets were not protecting shoppers from sharp increases in the price of basic commodities.