An old shopping receipt shared on social media has highlighted the huge increase in prices over the past two decades, as the UK deals with a cost of living crisis. The receipt, from discount supermarket Kwik Save, dates back to 1995, and shows how much the average price of daily essentials have risen.
The 38 items of shopping came to £24.79, with items including Flora, Penguin biscuits, a box of Tetley tea and toothpaste. Chris Eyres discovered the receipt in a box which belonged to his late mother, reports the Liverpool Echo.
Using an inflation calculator, £24.79 in 1995 is worth £60.97 in today's climate in the UK - an increase of £36.18 over 28 years. The pound had an average inflation rate of 3.27 per cent each year between 1995 and today, meaning a price increase of 145.96 per cent, according to in2013dollars.com.
