Families already hammered by the cost of living crisis face even more agony with the double whammy of soaring food prices and a crippling hike in interest rates.
The Office for National Statistics said we last month paid 19% more on a weekly shop, the highest since 1977. Some items have gone up seven times faster than average wages of 6.9%.
Supermarkets are under pressure to pass on a drop in wholesale costs to customers. And unions demanded higher wages for households to keep pace with inflation which, while easing, still rages at 10.1% – as it falls around Europe.
