The price of an Ulster fry has soared by nearly one fifth in the last year on the back of widespread food inflation, according to Ulster Bank.
Its widely watched Ulster Bank Fry Index counts the cost of all the main ingredients in the iconic breakfast and reported the largest increase since its records began in 2007. Sharp jumps in the price of milk, (up 43%), margarine (up 32%), eggs (up 29%), butter (up 25%) and sliced loaf (up 21%) were behind the bulk of the increase, although all constituent parts of the fry pushed higher.
The index is used as a barometer of local inflationary pressures in the agri-food industry and reflects the steady increases in a basket of food which consumers have been faced with for a number of months.
