Wednesday 24 July 2024
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Food and drink prices rising at fastest rate since 1977

Around half of all adults in Great Britain report buying less when food shopping, with lower-income households hardest hit by rising food costs, says the Office for National Statistics.

Staple foods, such as bread and cereals, have seen the largest price increases in the last month, increasing by 1.9%, contributing towards an increase of 16.6% in the year to November 2022.

Vegetable oil, pasta and tea are among the lowest-cost everyday food items that are seeing the largest price rises

The majority of lowest-cost everyday grocery items have been rising in price. Although not directly comparable, the rise in prices for these items is similar to the 15% rise in the official measure of inflation for food and drink, reported in September 2022.

Using experimental methods, the Office for National Statistics (ONS) tracked the cost of 30 everyday grocery items, covering fresh fruit and vegetables, cupboard staples and chilled products. These data show that many of the lowest-cost items have gone up in price, although a small number have also decreased slightly in price.

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Some of the lowest-cost everyday grocery items have increased by more than 20% in the year to September 2022

Selected 30 lowest-cost everyday groceries, item-level price changes, September 2022 compared with September 2021

Lowest-cost vegetable oil, pasta and tea are among the nine items to have risen by more than 20% in the 12 months to September 2022

Average price of lowest-cost grocery items that have risen by 20% or more, September 2021 to September 2022, in pounds

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