food prices
Food prices to rise by 4.2% this year amid increased costs, industry warns
The BRC said there was ‘little hope of prices going anywhere but up’ amid higher national insurance, National Living Wage and packaging costs.
Poorer households witnessed sharper cost-of-living food price rises – experts
The Institute for Fiscal Studies said it found ‘cheapflation’ between 2021 and 2023 hit households with tighter budgets.
UK inflation reaches 2% target, but summer interest rate cut in doubt
The ONS said inflation fell to 2% in May, down from 2.3% in April, marking the first time it has been on target since July 2021.
PM says ‘we’ve got there’ as inflation hits target, but summer rate cut in doubt
The ONS said inflation fell to 2% in May, down from 2.3% in April, marking the first time it has been on target since July 2021.
Inflation returns to target, but experts warn June rate cut ‘off the table’
The ONS said inflation fell to 2% in May, down from 2.3% in April, marking the first time it has been on target since July 2021.
Inflation returns to 2% target for first time in nearly three years
The Office for National Statistics said Consumer Prices Index inflation fell to 2% in May, down from 2.3% in April.
How the rate of inflation has changed for everyday items
The average price of low-fat milk was down 6.5% in March, while second-hand cars were down 8.1%.
Hovis set to keep prices stable as losses narrow
The bakery group hiked prices by 15% to 30% in 2022-23 after the Ukraine war sent wheat and energy costs soaring.
How the rate of inflation has changed for everyday groceries and services
The average price of low-fat milk was down 6.6% in February, while butter was down 7.6%.
Hopes of summer rate cut boosted after bigger-than-forecast fall in inflation
Experts said inflation is now likely to fall back below the Bank of England’s 2% target in April or May.