💰 UK fresh food prices surge 15% in year to December: BRC

TL;DR

British households were hit hard by a soaring cost of living in 2022, and the Bank of England has forecast that inflation will remain high over the coming months due to the ongoing impact of high energy bills before falling later in 2023."Reverberations from the war in Ukraine continued to keep high the cost of animal feed, fertiliser and energy," BRC chief executive Helen Dickinson said.Britain's official rate of consumer price inflation - which covers a wider range of goods, services and businesses than the BRC survey - hit a 41-year high of 11.1% in October, before dropping to 10.7% in November.However, food and drink price inflation as measured by the Office for National Statistics (ONS) continued to increase in November, hitting its highest since September 1977 at 16.4% on the official measure.Almost a quarter of households were unable to afford to consistently keep their main living room at a comfortable temperature."

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