Grocery price inflation has reached a record 17.1% to add a potential £811 to annual household shopping bills, figures show.
This month marks a full year since monthly grocery inflation rose beyond 4% as consumers named it their second most important issue behind energy costs and two thirds said they were concerned about food and drink prices, analysts Kantar said.
However cost-of-living pressures failed to dent enthusiasm for Valentine’s Day celebrations this year, with sales of steak up by a quarter in the seven days to February 14 compared to the previous week, sparkling wine sales doubling and shoppers spending an extra £5 million on boxed chocolates.
