Research by Saxo reveals that the cost of a shopping basket has surged nearly 37% since the UK lockdown, with essential items like eggs and milk seeing drastic price increases. Eggs alone have risen by over 84%, going from 79p for a dozen in March 2020 to £1.46. Milk has increased by 51%. This inflation surge highlights the financial strain on the public and suggests a shift towards investing in equity markets as a more lucrative option compared to cash savings.
The cost of a shopping basket has risen almost 37% in five years since the Coronavirus lockdown, significantly impacting public finances.
Egg prices have seen the largest increase, rising over 84% from 79p in March 2020 to £1.46 today.
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