Food inflation jumps to 18-month high with these items seeing a price rise
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Food inflation jumps to 18-month high with these items seeing a price rise
"From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging."
"Food prices have risen at their fastest pace in 18 months, driven by surges in the cost of chocolate, butter, and eggs, according to the latest figures. T he British Retail Consortium (BRC)-NIQ Shop Price Monitor reveals food inflation hit 4.2% this month, up from 4% in July, marking the highest level since February 2024. Bosses at the trade body warned the acceleration "adds pressure" to families already struggling with the cost of living."
"Fresh food inflation sped to 4.1% for the month on the back of rising dairy prices, up from 3.2% in July. Meanwhile, ambient food inflation slowed to 4.2% year-on-year compared with 5.1% in the previous month. The new figures also showed that overall shop price inflation increased to 0.9% in August, despite price deflation of 0.8% for non-food products. The uptick in food prices comes after the Bank of England said earlier this month that the increase in national insurance contributions in April"
The Independent covers reproductive rights, climate change and Big Tech, investigating matters like Elon Musk's pro-Trump PAC and producing documentaries such as 'The A Word' that spotlight American women fighting for reproductive rights. Donations fund reporters to maintain on-the-ground coverage and to present both sides of stories; the outlet remains free without paywalls and is funded by those who can afford it. Food prices climbed at the fastest rate in 18 months, with food inflation at 4.2% in August, fresh food inflation at 4.1% driven by rising dairy prices, and overall shop price inflation at 0.9% despite non-food deflation.
Read at www.independent.co.uk
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