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Evening Standard
Evening Standard
Business
Holly Williams

Food prices continue to soar even as inflation eases back

Food prices have hit a 45-year high, according to official figures

(Picture: PA)

UK inflation eased back further last month but cost pressures remained intense for cash-strapped households as food prices hit another 45-year high, according to official figures.

The Office for National Statistics (ONS) said the rate of Consumer Prices Index (CPI) inflation fell to 10.5 per cent in December from 10.7 per cent, offering a further sign that the cost-of-living crisis may have passed its peak.

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