UK: PRICE OF FOOD SOARS TO ALL-TIME RECORD

Families already struggling to make ends meet are being hit by soaring food prices.

The cost of a weekly shop has also jumped by more than two and a half times the rate of inflation in the past year. Worryingly, food prices are going up at a time when households are facing crippling rises in energy bills and mortgage payments, with the threat of council tax increases in the spring.
The hefty rise in the cost of a weekly shopping basket is a major blow to the huge number of families already struggling to meet increases in energy bills as well as higher mortgages and travel costs.

James Flower, analyst at Verdict Research, said: “Retailers have been able to absorb inflationary pressures in the past, but severe commodity price hikes and expensive fuel and energy bills have left them with no choice but to pass costs on to consumers.”

Daily Express