Food inflation rockets to record 13.3% as cost of living crisis deepens

Food prices are rising at a record 13.3% rate as the cost of living crisis worsens.

According to recent data, food inflation has surged to record highs as many families had difficult Christmases as a result of rising costs.

From 12.4% in November to 13.3% in December, the cost of food for consumers increased.

It happened at the same time as the most recent BRC-NielsenIQ retail pricing index offered a little glimmer of hope to strapped-for-cash consumers: total shop price inflation slowed marginally to 7.3% for the month.

It decreased somewhat from 7.4% in November but is still very near record highs.

The overall rate of price rises levelled out, with lower non-food inflation countering increased food costs.

Chief executive of the British Retail Consortium (BRC), Helen Dickinson, stated: “It was a challenging Christmas for many households across the UK.”

“Not only did the cold snap force people to spend more on their energy bills, but the prices of many essential foods also rose as reverberations from the war in Ukraine continued to keep high the cost of animal feed, fertiliser and energy.”

“Fresh food inflation leapt to 15% for the month from 14.3% in November, while the price of ambient food, such as pasta and tinned food, increased 11% in December against the same month a year earlier.”

However, owing to price reductions, inflation at non-food stores like fashion or homeware merchants slowed to 4.4% in December from 4.8% a month earlier.

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