Weak pound heaps food price inflation on poorest households – Food & Drink, Life & Style – The Independent

Weak pound heaps food price inflation on poorest households – Food & Drink, Life & Style – The Independent: “The collapse of the pound on the foreign exchanges is keeping food price inflation at painful levels, with the heaviest impact falling on poorer households and pensioners.

The British Retail Consortium (BRC), which represents most major shop chains, reported yesterday a 9 per cent rise in the price of food in the shops in the year to March, against a fall in the prices of non-food items of 1.5 per cent. Prices were up 0.4 per cent month-on-month. Despite a general fall in inflation – the annual rise in the Retail Prices Index (RPI) hit zero last month – food prices remain stubbornly high, and rising.

Imports of fresh vegetables from eurozone nations such as Spain have become especially dear – up by around one quarter. Other foods that have seen double-digit price rises since 2008 include lamb (21.3 per cent), beef (20.6 per cent), pork (19.7 per cent), cereals (16.1 per cent) and milk (11.5 per cent). British lamb is becoming an expensive delicacy, up 26.7 per cent, the largest jump of any food item in the RPI.”

Leave a Reply

Your email address will not be published. Required fields are marked *