Food inflation hits 4% as budget cost pressures meet tightening global supplies

grocery shopping prices receipt money cost of living inflation

Source: Getty Images

Food inflation has climbed from 3.7% year on year in June, with staples such as meat and tea among hardest-hit categories amid tighter global supplies, according to the latest BRC-NIQ Shop Price Monitor

Food inflation is continuing to climb, hitting 4% year on year in July, as retail grapples with the £7bn cost of last year’s budget.

Already have an account? Sign in here

Want access to this article?

Register for LIMITED access

REGISTER FOR FREE

Get PREMIUM access for £1 a week

SUBSCRIBE NOW