Food prices In 18 months its fastest increased, the cost of its fastest has increased the cost of increase ChocolateButter, and EggsAccording to the latest data. Tea
He shows the British Retail Consortium (BRC) -NIQ shop Price Price Monitor that the Food Principal is 4.2% in this month, above 4% in July, the highest level since February 2024. Owners The business body finally warned that “” adds pressure “to families already struggling with the cost of life.
Fresh food inflation increased by 4.1% for the month behind the price of dairy rising by 3.2% in July.
Meanwhile, environmental food inflation slowed 4.2% year-on-year as compared to 5.1% in the previous month.
The new data also showed that despite the deflation of 0.8% for non-food products, the total shop price inflation increased to 0.9% in August.
Bank of England earlier this month said that there was an increase in food prices that the increase in national insurance contribution in April contributed to accelerating food prices.
BRC Chief Executive Officer Helen Dicinson said: “The price of the shop hit its highest rate since March last year, the price of food increased.
“It is already struggling with families with the cost of life.
,Retailers They continue to do everything to limit the price growth for homes, but as Bank of England has accepted, £ 7 billion in the new costs flowing from last year’s budget has created a tough fight for retailers. ,
More than 60 retail owners, including Tesco, Censor and Boots heads, warned Chanhel Raves last week that extending the autumn budget could reflect their plans to improve Britain’s living standards.
In the letter, coordinated by BRC, the owners said they were expecting the rate of food and drink inflation to reach 6% at the end of this year.
Retailer and Business Insight chief Mike Watkins said: “Prices reflect many factors: global supply costs, seasonal food inflation inspired by weather conditions, recent sports phenomena, conclusion of publicity activity, and an increase in built -in operating costs.
“As shopkeepers return from their summer holidays, many may need to re -assure the domestic budget in response to domestic bills.”