Inflation on the price of groceries has hit a record high and is set to continue rising, in another blow to households struggling to cope with the increasing cost of living.
Inflation on groceries is now at 14.7%, with the cost of supermarket own-brand products jumping by 10.3% in the last four weeks, according to analysis by research firm Kantar. This record figure means that shoppers could face a £682 increase on their annual food bill - and things could get worse.
Researchers said that there is currently 'no peak in sight' when it comes to grocery price inflation, meaning a new record high could be set as food prices continue to rise. Analysis by Kantar found that more than a quarter of households (27%) are struggling financially - twice as many as this time last year.
