Consumers face sharpest food price rises in a decade

Consumers have been hit by rising food prices due to inflation that is “likely to get worse before it gets better” over the coming months as the cost of living crisis shows no sign of abating with the steepest rises in goods for a decade. 

According to the British Retail Consortium (BRC) food inflation accelerated to 4.3% in May, up from 3.5% in April, above the 12 and six month average price growth rates of 1.7% and 3.2%, respectively. This is the highest inflation rate rise since April 2012.

Fresh Food inflation rocketed in May to 4.5%, up from 3.4% in April, the highest inflation rate since November 2012.

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