Egg and butter prices drive up UK food inflation as households feel squeeze | Food & drink industry

According to data that indicate the cost of squeezing life, a “important önemli leap in the cost of grocery staples such as eggs and butter stops food inflation.

The British retail consortium (BRC) said prices increased at the fastest speed for 18 months and food inflation reached 4.2% this month. According to the monthly store price monitor, this has been out of the highest reading since 4% in July and February 2024.

BRC General Manager Helen Dickinson said that the rapid rise has already contributed to the pressure on people struggling with the cost of living.

“Staples such as butter and eggs have seen significant increases due to high demand, tightening of supply and increased labor costs,” he said.

“Chocolate was more expensive as global cocoa prices were high due to bad harvests.”

BRC also showed that the data fell by 0.8%, even if non -food products dropped, the general store price inflation increased to 0.9% in August.

The shops “do everything they can to limit price increases for households”, Dickinson said that when Rachel Reeves brought changes in the employer’s national insurance contributions and minimum wage, he encountered a 7 billion pounds after last year’s autumn budget.

More than 60 retail bosses, including Tesco, Sinsbury’s and Boots last week, warned Reeves that the next autumn budget could contradict the plans to improve the British living standards.

In a letter coordinated by BRC, the bosses said they expect food inflation to reach 6% this year.

Mike Watkins, President of the Retail and Business Insight in NIQ, said the increase in prices reflects other factors, including global supply costs, seasonal food inflation directed by the weather, and other factors related to sports activities.

“As shoppers return from summer holidays, many of them may need to re -evaluate their budgets in response to rising home bills,” he added.

Last week, official figures showed that inflation rose to a higher 3.8%than expected due to higher food prices and travel costs in July.

The annual inflation rate measured by the Consumer Prices Index sat on the target of 2% of the Bank of England for 10 months in June.

The National Statistics Office found an increase from 4.5% until June in 12 months. Beef, orange juice, coffee and chocolate were among the largest amplifiers.

The droughts in Spain, Italy and Portugal, where most of the Britain’s fresh fruits and vegetables provide, increased prices this summer at a time when prices are often fell.

Higher grocery prices are supported by the industrial regulator of Great Britain and higher grocery prices as they announce a new price limit on Wednesday.

According to the estimates of Cornwall Insight, a leading energy consultancy, ofgem’s three -month price limit is expected to increase by 1% in October.

He predicted that ofgem would increase it to £ 1,737 per year for a double -fueled household. £ 1.720. The increase would come into force in October and remain in place by the end of the year.

Charities warned that such an increase may mean that millions of households would fight to pay their energy bills.

Simon Francis of the Finite Fuel Poverty Coalition said that the average household people paid 67% more for their energies compared to the winter of 2020-21.

Philanthropy predicts that 12.1 million British households are fighting with the cost of energy bills and they cannot increase price.

“Now we are approaching the fifth winter of the energy bills crisis and it is over the price limit is over,” he said.