Food prices rise at third fastest monthly rate in a year

Experts expect food inflation to hit 4% by the second half of the year (Yui Mok/PA) - (PA Wire)

Food prices have risen at their third fastest monthly rate in a year amid hikes in the cost of butter, cheese, eggs and bread, figures show.

The price of other breakfast staples including cereals and coffee are also continuing to soar, taking food inflation to 2.1% in February, a jump from January’s yearly growth of 1.6%, according to the British Retail Consortium (BRC)-NIQ Shop Price Index.