BRC survey shows sharp rise in UK food prices
According to the latest survey conducted by the British Retail Consortium (BRC), food prices in the UK have sharply increased in the last few months.
The results of the survey showed that although non-food items such as furniture and flooring decreased in price and store prices remained largely the same, food price inflation rocketed from 1.7 per cent in June to 2.5 per cent in July.
In terms of specific food categories, the results were as follows:
• Fresh food inflation has increased to its highest rate since January 2010, at 1.4 per cent compared to 0.1 per cent in June
• Sugars, jams and chocolate also increased to its highest rate since January
• Inflation slowed in alcohol, bread and cereals
BRC Director General Stephen Robertson explained this change, saying:
Mr Robertson also warned consumers and those in food jobs of the potential for food prices to rise again in the coming months, due to the difficulties with wheat production in exporting countries such as Canada, Australia and Russia.
The results of the survey showed that although non-food items such as furniture and flooring decreased in price and store prices remained largely the same, food price inflation rocketed from 1.7 per cent in June to 2.5 per cent in July.
In terms of specific food categories, the results were as follows:
• Fresh food inflation has increased to its highest rate since January 2010, at 1.4 per cent compared to 0.1 per cent in June
• Sugars, jams and chocolate also increased to its highest rate since January
• Inflation slowed in alcohol, bread and cereals
BRC Director General Stephen Robertson explained this change, saying:
"Food inflation was higher than the previous month - driven by global factors putting pressure on the cost of fresh food, such as meat and fruit. The recent dry weather has increased the price of animal feed and poor harvests have reduced some fruit crops."
Mr Robertson also warned consumers and those in food jobs of the potential for food prices to rise again in the coming months, due to the difficulties with wheat production in exporting countries such as Canada, Australia and Russia.
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