Rachel Reeves blamed as food prices soar in nightmare for shoppers | Politics | News
Retailers, Rachel Reeves’ allegations of ending the cost of life crisis, despite the fact that the price of the weekly store increased. On Wednesday, the new inflation figures came to the chancelle as a major blow to the chancellery because prices increased by 3.6% for 12 months, much higher than the government’s target rate and increased from 3.4% in May.
However, the real situation for families throughout the country is even worse, the cost of food has increased by 4.5% – bread, rice and pasta are increasing the most. Alarm was heard by the British retail consortium representing large supermarket chains and other street stores. He also warned that bad weather was partially accused, but also increasing the national insurance and minimum wage by Chancellor.
British Retail Consortium InSight Director Kris Hamer said: “Inflation increased steadily last year, while food inflation saw a much more significant increase.
“Despite the violent competition between retailers, the ongoing effect of the last budget and bad harvests caused by excessive weather conditions resulted in increasing prices of consumers.”
The price of many staples, including bread, rice and pasta, increased the price of many staples. However, consumers in the chocolate market took advantage of a decrease. Hamer, “increasing costs already increased prices, the chancellor consumers need to take action to protect consumers from increasing more than inflation,” he said.
However, the government said that it could worse for many stores by increasing business rates.
“Recommended job ratios reform will increase costs for many high street stores, limit investment and increase prices for everyone,” he added. “If the government wants to support households and high streets, they should ensure that no shop does not pay any more due to these changes.”
Among the members of the British retail consortium are ASDA, LIDL, Tesco, M&S, Sainsbury’s and more.
Food inflation figures are higher because the official inflation rate is a measure of how the price of a number of goods increases. While the title rate was 3.6%, the cost of clothing increased by only 0.5%, while the cost of food and non -alcoholic beverages increased by 4.5%.
The price of meat, beef meat and beef meat increased by 20.4% for 12 months. Lamb and goat increased by 10.2%.
The price of butter increased by 20% and the cost of full milk increased by 8.4%, but low -fat milk actually fell by 0.6% for 12 months.
On Wednesday, Mrs. Reeves said it was “more to do” to help lower inflation.
He said: “I know that working people are still struggling with the cost of living.”
“There is more to be done and I’m determined that we plan to change more money in people’s pockets.”
