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
The rise in food prices has fallen, and no significant increase in prices is expected until the end of the year
In the past two years, consumers in Hungary experienced a…
Read more >Márton Nagy: inflation remains at a low level
In accordance with preliminary government indications, inflation remained at a…
Read more >Inflation increased moderately in October in the Czech Republic
Inflation in the Czech Republic increased by 0.3 percent from…
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 >