Categories: Economy

Cost of basic staples soar as food inflation hits a record 11.6%

Costs of commodities such as tea bags, milk and sugar rise as food inflation rises to a record 11.6%

Food inflation rose to an all-time high of 11.6 percent in October, with significant price increases hitting even basic commodities like tea, milk and sugar.

Total retail prices are 6.6 percent higher than this time last year – also a record – but food inflation jumped well above September’s 10.6 percent and the three-month average of 9.7 percent, according to the retail price index compiled by the U.K. Retail Consortium and the data company Nielsen.

Prices for fresh food are 13.3 percent higher than in October, compared to 12.1 percent in September.

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Price rises: Retail prices are 6.6% higher than this time last year – but food inflation jumped well above September’s 10.6% and the three-month average of 9.7%

Non-food inflation accelerated to 4.1 percent, from 3.3 percent in September.

Which? food policy chief Sue Davies said: ‘Rising food prices are a real concern, and our research shows that millions of consumers are already skipping meals or struggling to put healthy meals on the table due to the cost of living crisis.

‘It is important that households receive support from the government and the business community.’

Jacky

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