How food inflation in the UK will impact your groceries bills
Food inflation surged in May as the prices of dairy and fresh meat products skyrocketed. Grocery price inflation hit its highest level since January 2024 at 5.2 per cent in the four weeks to 13 July, according to Kantar. The average household spends at the grocers has now reached £5,283 a year, which could add £275 to bills “if people’s shopping habits stay the same”, Kantar added. “Just under two-thirds of households say they are very concerned about the cost of their grocery shopping, and people are adapting their habits to avoid the full impact of price rises,” Fraser McKevitt, head of retail and consumer insight at Worldpanel, said. Click the link in our bio to read more about the story 🔗 #uk #news #inflation #food #foodinflation #grocery #groceryshopping #bills #business #finance #money #personalfinance #retail #economy #economics