New research shows that basic food items have increased 40% in the last year, according to the Office for National Statistics. The new experimental data tracks how the lowest prices of 30 grocery items have changed since April 2021, which the ONS says are contributing to the cost of living crisis.
The prices of the cheapest vegetable oils and pasta in British supermarkets have soared by nearly two-thirds in the last year. Statisticians said the cost of the lowest-priced vegetable oil had spiked 65% and the cheapest pasta was now 60% more expensive than a year ago.
If you have a daily brew, the price of the cheapest tea had risen by 46% in the last year and basic carbohydrates have also seen big increases. Chips were up 39%, bread rose by 38% and biscuits were up 34%.
