Food and drink prices are rising at their fastest rate since January last year in a painful new supermarket squeeze on household budgets.
Latest official figures show the inflation rate for food and non-alcoholic drinks rose to 5.1% in August, up from 4.9% in July. It was the fifth successive month of accelerating food inflation and the fastest rate since January 2024. It the first time the food inflation has run at above 5% since February last year.
