Food inflation has hit its highest rate on record, with shoppers now paying 10.6 per cent more than they were a year ago, figures show.
Overall shop price inflation accelerated to 5.7 per cent in September, up from 5.1 per cent in August to mark another record since the British Retail Consortium (BRC)-Nielsen IQ index began in 2005. Food price inflation soared past last month’s 9.3 per cent to 10.6 per cent, driven by the war in Ukraine continuing to push up the price of animal feed, fertiliser and vegetable oil, particularly affecting products such as margarine.
Fresh food products are now a record 12.1 per cent higher than last year, up from 10.5% in August – the highest inflation rate for the category on record. Ambient food inflation also reached a record 8.6 per cent, up from 7.8 per cent a month previously – the record fastest rate of increase for the category.
