The price of groceries has increased at its fastest rate for 13 years, according to new figures. Researchers at Kantar revealed that grocery price inflation reached 7% over the past four weeks to mark the highest level since May 2009.
Dog food, savoury snacks and fresh meat saw particularly sharp price rises, although spirit prices slipped for the month. Fraser McKevitt, head of retail and consumer insight at Kantar, said: “People are really feeling the squeeze at the supermarket tills and they’re having to stretch their budgets further to accommodate rising prices.
“To put the most recent numbers into context, if you were picking up supplies for a family fry-up over the long weekend with toast, eggs, sausages, bacon and beans it would cost you £6.83 – that’s a significant 40p increase on last year.”
