fromLondon Business News | Londonlovesbusiness.com
3 weeks agoFood inflation soars to an 18 month high - London Business News | Londonlovesbusiness.com
According to the British Retail Consortium (BRC)-NIQ Shop Price Monitor, food prices have soared to their highest pace in 18-months as the price of eggs, butter and chocolate surges, this is the highest seen since February 2024. The rapid acceleration in price hikes will "add pressure" to households who are already struggling to make ends meet. In the month food inflation jumped to 4.1% as dairy prices are rising which is up from 3.2% in July.