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
Hungarian banana history: from rarity to staple food
Bananas have long been a popular fruit worldwide, but there…
Read more >New rules in agriculture: the producer protection package is coming – what does this mean in practice?
On January 1, 2025, the agricultural sector’s new legislative package,…
Read more >The Most Delicious Fruits – Video of the Day
Fruits that are very good at something beyond their taste!…
Read more >Related news
ATM usage is changing: you must be able to withdraw at least HUF 150,000 from every ATM
A bill was recently submitted, according to which every settlement…
Read more >Cage-free Easter for chickens: Una Terra Foundation and Kifli.hu join forces
During the Easter period, egg consumption jumps by nearly a…
Read more >Middle-aged Hungarians expect double-digit inflation
Middle-aged people still perceive a much higher price increase than…
Read more >