The main driving force behind the sharp rise in British food prices is the rise in the price of vegetables
Contrary to expectations, annual British inflation accelerated and thus remained above ten percent in February. The primary reason for the unexpected acceleration was food prices rising at a pace not seen in decades.
According to the report of the British Statistics Office (ONS) on Wednesday, consumer prices calculated without housing costs were on average 10.4 percent higher last month than a year earlier.
The average of analysts’ forecasts predicted twelve-month inflation of 9.9 percent for February. In a monthly comparison, inflation was measured at 1.1 percent in February after a 0.6 percent decrease in January.
Annual British inflation accelerated for the first time in four months: twelve-month inflation in Great Britain was 10.1 percent in January, 10.5 percent in December, 10.7 percent in November, and 11.1 percent in October.
Related news
A shortage may develop on the cabbage market, and the price of the vegetable may continue to rise
According to FruitVeb’s analysis, the cabbage market is threatened by…
Read more >Bananas are in danger: diseases and climatic changes threaten one of the world’s most popular fruits
Global warming and weather extremes are seriously affecting banana cultivation,…
Read more >Tax evading vegetable and fruit traders were caught by the tax inspectors
Traders selling vegetables and fruit imported from Greece without paying…
Read more >Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >Using 30% less materials would be a solution to the climate crisis
The circular economy is a global imperative: it transcends geographical…
Read more >Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >