Rolling coverage of the latest economic and financial news
- Grocery inflation jumped to 8.3% in June
- Britons switch to own-label and value ranges to fight inflation
- Passengers face disruption as Britain’s biggest rail strike for decades begins
- Boris Johnson plans to break rail strikes by allowing use of agency workers
- Palantir: concerns over data firm poised to be ‘operating system’ of NHS
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UK consumers are facing the steepest increase in food bills in 13 years, as the cost of living crisis hits households.
“This is over 100 pounds more than the number we reported in April this year, showing just how sharp price increases have been recently and the impact inflation is having on the sector,”
“We can also see consumers turning to value ranges, such as Asda Smart Price, Co-op Honest Value and Sainsbury’s Imperfectly Tasty, to save money.”
