https://www.reuters.com/business/retail-consumer/uk-grocery-price-inflation-hits-record-171-2023-02-28/?utm_source=reddit.com
UK grocery price inflation hits record 17.1%
By James Davey
Seasonal shortage of some fruit and vegetables in Britain
A shopper walks next to a photographic depiction of tomatoes on a Tesco >supermarket as Britain experiences a seasonal shortage of some fruit and >vegetables, in London, Britain, February 26, 2023. REUTERS/Toby Melville >Summary
Companies
Grocery inflation in Feb at highest level ever recorded
Milk, eggs, margarine show fastest price rises
Shoppers face 811 pounds rise in annual grocery bill
LONDON, Feb 28 (Reuters) - British grocery inflation hit 17.1% in the
four weeks to Feb. 19, another record high, dealing the latest blow to >consumers struggling with a cost-of-living crisis, industry data showed
on Tuesday.
Market researcher Kantar said prices are rising fastest in markets such
as milk, eggs and margarine.
It said UK households now face an additional 811 pounds ($978) on their >annual shopping bills if they don't change their behaviour to cut costs.
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"This February marks a full year since monthly grocery inflation climbed >above 4%. This is having a big impact on people’s lives," Fraser
McKevitt, head of retail and consumer insight at Kantar, said.
He said its research found that rising grocery prices are the second
most important financial issue for the public behind energy costs. Also
a quarter of people say they're struggling financially, versus one in
five this time last year.
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