Thursday 22 February 2018

British shoppers hit by rise in grocery prices

Stock image. PA
Stock image. PA
Ellie Donnelly

Ellie Donnelly

British grocery inflation jumped by 2.3pc in the 12 weeks to March 26, newly released industry data has shown.

The price of staples including butter, fish, tea and skincare are all rising, leading to a fear that people's living standards in the UK will be squeezed post-Brexit.

Market researcher Kantar Worldpanel said the rise of 2.3pc compared with a 1.4pc increase recorded in the previous 12 weeks to February 26.

The jump in inflation to 2.3pc takes inflation above the Bank of England's 2pc inflation target. The data also showed that most of the big supermarkets are struggling.

Irish Independent

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