Households are finding it increasingly expensive to put meals on the table as shoppers are hit by the sharpest price rises in nearly a decade.
Food inflation rose from 2.4 per cent in December to 2.7 per cent in January – the highest rate since October 2013 – according to figures compiled by the British Retail Consortium (BRC) trade association and research firm NielsenIQ.
Poor harvests, labour shortages and rising global food costs continue to push up domestic produce prices, with analytics firm Kantar predicting annual shopping bills are set to rise by around £180 on average.
