Record levels of UK food price inflation driven by staples, bread, meat and oils
The Office for National Statistics (ONS) has reported a 9.1% rise in UK inflation for the Consumer Prices Index (CPI), the highest level in decades with food price inflation in particular being driven up by staples such as bread and cereals, meat, oil and fats.
Food and non-alcoholic beverages have increasingly put upward pressure on the 12-month growth rate of CPIH in recent months, with all categories seeing prices increase. Around 60% of adults report spending less on non-essential items in response to rising costs.
Over recent months, the biggest drivers of consumer price inflation have been food and non-alcoholic beverages, housing, water, electricity, gas and other fuels and transport.
Food Ingredients First
Related news
MBH Bank: Following January’s inflation data, we are raising our inflation forecast for this year to 4.6%
Following a 4.6% year-on-year price increase in December, consumer prices…
Read more >The high inflation in January is not a Hungarian peculiarity – this is when price increases may slow down
The effects of the price increases at the beginning of…
Read more >Price caps and economic measures in Central Europe: more and more countries are protecting themselves against inflation
While the introduction of price caps is back on the…
Read more >Related news
On Valentine’s Day weekend evenings, McDonald’s renovated Nyugati tér restaurant will be for lovers
Lovers can expect a special program at the McDonald’s Nyugati…
Read more >We can now give gifts through the Wolt app
New feature on Wolton: now we can also give gifts…
Read more >K&H: What does the wallet of young people show? Every fourth Hungarian twenty-year-old is unable to save
Although 57 percent of young people have some savings, 25…
Read more >