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Insider UK
Insider UK
Business
Josie Clarke & Peter A Walker

Grocery price inflation hits new record to add £571 to average annual bill

Consumers are now paying a record £571 more on average for their groceries than last year, as Aldi became Britain’s fourth largest supermarket for the first time.

Grocery price inflation hit 12.4% during the past month, up from last month’s previous record of 11.6%, according to research firm Kantar.

The latest figure means that the average annual grocery bill will increase from £4,610 to £5,181 if consumers do not change the products they buy and how they shop to cut costs.

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