Grocery prices rise at the fastest rate since 2009 - Ashdale Business Consulting

Grocery prices rise at the fastest rate since 2009


UK grocery prices are rising at their fastest rate since 2009, leaving people increasingly worried about the cost of the weekly shop, research suggests.

Grocery prices were up 7% in the past four weeks compared with a year ago, market research firm Kantar said.

Food prices are now the second most important concern to families after spiralling energy bills, it said.

But the UK was still set to splash out on food and drink over the Platinum Jubilee bank holiday weekend, it said.

“Looking back at the Diamond Jubilee in 2012, we saw a 10% boost in supermarket sales during the week leading up to the festivities,” said Fraser McKevitt, head of retail and consumer insight at the research firm.

“We should never underestimate the appetite for a party, especially a royal one.”

Food, fuel and energy costs have jumped recently in part due to the Ukraine war and it is squeezing households.

Click here to read more (Source: BBC News)