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Staples such as tea bags, milk and sugar surge in price as food inflation races to new record high

November 2, 2022

Via: Sky News
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Overall, shops increased prices by 6.6% in the 12 months to October – the highest level since records began in 2005.

But fresh food has been most vulnerable to surging costs, rising by an average of 13.3% over the past year, the British Retail Consortium (BRC) said.

The interest group’s food inflation figure lags well below the official rate of 14.5% which, the Office for National Statistics said, was the fastest pace since April 1980.

The BRC says the price increases reflect a tight labour market and jumps in energy costs for retailers.

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