Experts have suggested that the price of feeding a family is set to rise by £533 this year following a spike in supermarket prices.
According to research firm Kantar, prices of butter, milk and chicken have all shot up by 11.6 per cent which equates to a rise of £10.25 each week for the average British household. According to data from the Office for National Statistics by personal research firm NimbleFins, the average household already spends £3,601 on groceries each year.
Fraser McKevitt, head of retail and consumer insight at Kantar, said: "As predicted, we’ve now hit a new peak in grocery price inflation, with products like butter, milk and poultry in particular seeing some of the biggest jumps. This rise means that the average annual shop is set to increase by a staggering £533, or £10.25 every week, if consumers buy the same products as they did last year.
