BRITS are facing forking out another £1,000 on their food shop each year as the cost of living crisis bites, a retail expert has claimed.
Prices continue to soar in stores across the country for everyday essentials, with families desperately battling to budget.
1
The crippling combination of inflation, the war in Ukraine and recovering from the pandemic has proved a recipe for disaster.
Shoppers are now facing staggering bills in supermarkets, with costs of food, furniture and health and beauty products rising at the fastest rate in more than a decade.
A retail expert has now warned Brits could see the price of their groceries skyrocket by £1,000 in just one year.
Clive Black warned the hike is only just beginning – and that low-income households will be the worst affected.
He explained food prices have shot up by around 12 per cent, meaning the average family’s £150-£200 food shop is now costing another £20 each week.
The consumer connoisseur and analyst with investment group Shore Capital told the Mirror: “We could see prices going a lot higher and some rationing.
“Those on lowest incomes will be squeezed most.”
It comes after experts said millions of Brits would be plunged into fuel poverty after energy bills rocketed by £700.
Most read in The Sun
Russian President Vladimir Putin has got the country in a chokehold as he refuses to sell gas to the West unless he is paid in roubles.
And Mr Black worryingly hinted people will be tightening their belts until the war in Ukraine ends – which some experts suggest could be YEARS away.
In another sucker punch for families, the hated National Insurance rise then came into force — meaning millions of workers have to hand over hundreds of pounds more to the taxman each year.
But some savvy shoppers have rallied against the price rises and have began sharing tips to cut the cost of your food shop.
Supermarket whizz Naomi Willis suggests shopping around, remembering to bring your reusable bags, and grabbing a basket instead of a trolley to help limit your spend.
She also said writing lists and heading to bargain stores helps her do the weekly trolley dash without going over budget.
The mum explained she can save nearly £1,000 a year by “shopping smart”.
And Grocery expert Charlotte Jessop also shared her hacks as the cost of living crisis continues to squeeze family budgets to the max.
She advised Brits to make cheap monthly meal plans and look at the price per quantity to get more for their money.
The finance blogger also suggested using supermarket delivery services to save on fuel instead of driving to retailers.
