UK prices keeps to inflate| MENAFN.COM

Wednesday, 10 August 2022 11:53 GMT

UK prices keeps to inflate

(MENAFN) £271 is the average food bill would rise by 2022 as costs keep to increase, as reported by researches.

Grocery costs were 5.9 percent more in the previous month than 2021, the highest rise from 11 years, as released by Kantar. It noted that customers were going to Aldi and Lidl, discount stores, as tightness on finances increase.

Supply chain problems, the Russian-Ukrainian conflict as well as increasing fresh material prices are all donating to rising food costs. "The average household will now be exposed to a potential extra £271 per year,” stated by Fraser McKevitt, chief of retail and costumer insight at Kantar. Adding, "A lot of this is going on non-discretionary, everyday essentials which will prove difficult to cut back on as budgets are squeezed. We're seeing a clear flight to value as shoppers watch their pennies."

Aldi was the highest developing store amid the duration the data was shown, with its sales rose by 4.2 percent over the 84 days to April 17th. Lidl comes after it that was increased by 4 percent.


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