Customers who shop at Tesco, Asda and other supermarkets have been hit with a £650 warning as grocery shop prices continue to soar.
Food inflation has continued to hit new peaks amidst the cost-of-living crisis, which rose by 14.5% in September 2022, according to Reuters. New research from Kantar has found that the price of a grocery shop in the UK has increased by almost £650 compared to 12 months ago, with essentials such as pasta having risen in price by 60% in a year, while tea has gone up by almost 50%.
Other everyday essentials also recorded significant price increases, such as vegetable oil, chips, bread, biscuits, and milk. A recent FCA report found that one in four UK adults are either currently in financial difficulty or would fall into it following another financial shock.
