A survey stated that the increasing cost of chocolate, butter and eggs has helped to run the food price inflation to the highest level in 18 months.
According to the latest shop price monitor of the British Retail Consortium, the food inflation was 4.2% in this month, compared to 4% in July. This is more than any time since the last year’s March, when it was 3.7%.
This figure distinguishes recent data from the office for national statistics, with a similar amount to increase the cost of everyday foods compared to the previous year.
BRC CEO Helen Dickinson said that there was some relief for parents as a new academic year approach with cheap clothes, books and stationery.
Ms. Dicinson said that staples, including butter and eggs, saw the “significant increase” due to high demand, tightening of supply and increase in labor costs.
“Chocolate also became more expensive as the global prices of cocoa remain high due to poor crops,” she said.
Poor cocoa has been cropped Causes of climate change and crop disease,
“There was some relief for parents before the new academic year, with low prices for clothes, books, stationery and computing.”
Retailer in NIQ and Mike Watkins, the head of the retailer and commercial insights, who compiles the price monitoring of the BRC shop, stated that “many factors” are reflected.
These included global supply costs, seasonal food inflation inspired by weather conditions and an increase in underlying operating costs.
He said, “As shopkeepers return from their summer holidays, many may need to assure the domestic budget in response to the increasing bills of domestic bills.”
Increase in food prices has increased Total inflation in July in the year,
The latest official figures of ONS put the UK inflation – as measured by the Consumer Price Index (CPI) – which is 3.8%, above 3.6% in June.
According to ONS, the cost of food and non-ordered beverages increased by 4.9% in July, increased from 4.5% in June in June.
Its data showed one more starrer long -term picture, with food prices rising about 37% in July for five years.
