UK inflation hits record high in one year

London: Inflation reached the highest level of the year due to the increase in the prices of food items in the United Kingdom.

of the British Retail Consortium (BCR). According to the report Food prices in the UK have risen by a record 15.7% over the past 12 months, the biggest rise since 2005.

According to the British Retail Consortium (BCR), inflation in the UK reached 11.1 per cent last October, the highest in more than 40 years, after the previous record of 19.1 per cent in 1977. is more than

UK retailers report record food inflation but see falls ahead

According to the BRC, packaging and production of coffee beans and ready meals have pushed up food prices, but butter and vegetable oil prices are likely to ease, which is expected to provide some relief to consumers.

According to the UK’s Office for National Statistics, almost half of Britons say they are shopping less than usual and food prices are linked to electricity and other bills which is a cause for concern.

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