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 Hungarian pasta market is undergoing serious transformation
Changes in habits are fundamentally reshaping the Hungarian pasta market,…
Read more >Hungary’s economic vulnerability: causes, consequences and possible solutions
The economic developments of recent years have once again drawn…
Read more >NGM: the government welcomes the fact that commercial banks are also participating in the fight against price increases
The government welcomes the fact that commercial banks are voluntarily…
Read more >Related news
Easter long weekend: this is how store opening hours will be in 2025
Easter this year will bring significant changes to the opening…
Read more >Eurozone industrial production exceeded expectations in February
Eurozone industrial production rose more than expected in February, both…
Read more >Róbert Zsigó: the average effect of margin stops is almost twenty percent
As a result of the introduction of the margin freeze,…
Read more >