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Food prices rise at fastest rate since 2008, retail group figures show

The price of food rose at its fastest rate since 2008 in August as pressure from the war in Ukraine continued to push up costs, figures show. Shop price annual inflation surged to 5.1%, up from 4.4% in July, marking a new record since the British ...

31 Aug 2022 at 01:01

Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter

Food inflation has surged to 12.4% to hit a new record amid predictions of dampened Christmas cheer and an “increasingly bleak” winter. Overall shop prices are now 7.4% higher than last November, up from 6.6% in October, to set another record ...

30 Nov 2022 at 01:01

Food inflation strikes another record high but clothing price rises ease

Shop price inflation eased back slightly from record highs last month despite another surge in food prices. Food prices soared 15.7%, the highest on record, in April to continue pressure on consumer finances, according to the latest ...

02 May 2023 at 00:01

Supermarkets to be quizzed by MPs amid pressure to pass on wholesale cuts

Supermarket senior executives are being questioned by MPs on Tuesday over eye-watering food inflation as the latest figures add to hopes that price hikes have passed the peak. Food bosses at four of the UK’s biggest supermarket ...

27 Jun 2023 at 09:43

Food inflation eases for second consecutive month

Food inflation has eased for a second month as supermarkets cut the price of household staples, figures show. Shop price inflation overall slowed to 8.4% in June, down from 9% in May and below the three-month average of 8.7%, ...

27 Jun 2023 at 08:40

Food price inflation slows to lowest level this year

Food price inflation has slowed to its lowest level this year amid falling prices for staples such as oils, fish, and breakfast cereals, figures show. Food inflation decelerated to 13.4% in July, down from 14.6% in June – ...

01 Aug 2023 at 09:43

Cheaper tea and milk help shop price inflation fall to lowest since May 2022

Shop price inflation fell in January to its lowest rate since May 2022 as retailers offered heavy discounts to entice customers, figures show. January’s shop prices eased to 2.9% higher than a year ago, down from 4.3% in ...

30 Jan 2024 at 00:01

Shop price inflation eases for sixth consecutive month

Shop price inflation has eased for the sixth month in a row as retailers compete fiercely for customers ahead of Christmas, figures show. Shop prices were 4.3% higher than last November, down from October’s 5.2% and the ...

28 Nov 2023 at 00:01

Shop price inflation ‘normalising’ one year on from peak, figures show

Shop price inflation is showing signs of normalising one year on from its peak in long-awaited relief for households, new figures show. Prices in April were 0.8% higher than a year earlier, the lowest growth since ...

30 Apr 2024 at 00:01

Shop price inflation reaches record high, figures show

Shop price inflation has reached a record high amid warnings that consumers are unlikely to see prices dropping again for months. Shop prices are now 8.4% higher than they were a year ago, up from an 8% increase ...

01 Mar 2023 at 00:01

Shop prices hit highest rate of inflation in almost 14 years

Shop prices have hit their highest rate of inflation in almost 14 years as businesses grapple with soaring supply chain costs and a cut in household spending, figures show. Shop prices were up 3.1% on a year ...

29 Jun 2022 at 01:01

Food inflation slows in May after April record, survey suggests

There were signs on Tuesday that the rapidly rising increase in the price of food may have reached its peak as a survey of prices in shops suggested they fell between April and May. Food inflation fell to ...

30 May 2023 at 09:41

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