Food price rises outstrip UK inflation

Food prices driven up by high meat and tea costs

Food prices rose by 4% in the year to July, according to the British Retail Consortium.

Food price rises outstrip UK inflation

Products like meat and tea have been hit hardest by rising costs

UK shop prices rise by most since April 2024, British retailers say

LONDON (Reuters) -British shop prices rose by the most in more than a year in the 12 months to July and food prices grew more strongly, according to a survey that adds to other inflation signals and underscores the Bank of England’s interest rate dilemma. Overall shop prices in July rose by 0.7% in annual terms – the largest rise since April 2024 – after a 0.4% rise in the 12 months to June, the British Retail Consortium said on Tuesday. Food pr…

Tea and Meat Lift UK Food Inflation to Highest in 17 Months

The rising price of products such as tea and meat pushed UK food inflation to its highest level in 17 months, as retailers blamed the Labour government’s first budget for driving up costs.

Surging meat and tea prices drive food price inflation up for sixth month

Helen Dickinson of BRC said staples such as meat and tea were hit the hardest by price increases.

The cost your food shop is set to increase again. Here’s why

Food price inflation rose for the sixth consecutive month