Posted on 02/28/2023 3:33:08 AM PST by Oldeconomybuyer
UK grocery inflation continued to climb during February to reach a new record high of 17.1%, according to closely-watched industry data.
Kantar Worldpanel reported that the increase over the past 12 months meant that families faced a potential £811 annual rise in the cost of their regular shopping basket.
It had been hoped that a decline in the pace of grocery prices during December would mark a turning point in that element of the cost of living crisis.
Food, along with the cost of many other everyday products, has become more expensive largely due to the surge in energy prices seen since the Russian invasion of Ukraine.
The war can also be blamed for many commodity costs, such as wheat, rising markedly.
While the main rate of inflation has eased from its 11.1% peak seen in October last year, food and other grocery costs have been a major factor behind the CPI measure remaining stubbornly above 10%.
Unilever, which is behind a host of everyday products including Marmite and Magnum ice creams, has been among manufacturers warning that price increases are yet to end.
Producers - just one element of a complicated supply chain - are still grappling rising energy bills and other costs.
It also remains to be seen whether the shortage of salad items, which has forced most supermarkets to limit sales, will become a significant inflationary headwind ahead.
(Excerpt) Read more at news.sky.com ...
I’d feel sad for them if we weren’t also in the same boat. Joe Biden has turned me into a Walmart shopper.
The Biden Admin says that there is absolutely no evidence for such claims.
IMO, inflation in the grocery store here in the US is even worse. Even at Walmart. I’m there every one or two days and some of the stuff I buy has increased over 50%, sometimes double.
I live in a very nice area in Phx metro. Most of the people are well off. Everybody uses digital coupons and shop on sale days. The upscale grocery store is picked over for the 3 day sale by 10 am the first day. Eggs went up to $11 doz, now down to $6. No pet food, baby formula, the deli is only open for short hours, etc. I didn’t think this country could fall apart so fast.
But it’s better than Mean Tweets, and all that prosperity. /sarc
When we went to London last Fall, we went to “Pound Land” in a mall. Basically its the UK Dollar Store.
As we walked in the door we joked “Now Everthing is 1 Pound, 50”, but were pleasantly surprised most everything was still a pound, and at the time, a pound was only $1.05 USD, so we loaded up with $1.05 Red Bulls and snacks for the road.
I guess the Putin Price Hike hit the US before it hit the UK, but it had to hit the UK, eventually.
So we get accurate reporting on the UK, but not here?
Oh, right. /s
This country didn’t just fall apart. It was INTENTIONALLY damaged by DEMOCRATS. Key comment is this was INTENTIONAL!!!
‘What’s good for America is good for the world. What’s bad for America is horrible for the world.’ Winston Churchill
You’d think that, BY NOW, this would not need more obvious or further proof!
Try Aldi’s, walmart is too expensive. Save the walmart shopping for the items they carry that you can’t get anywhere else. To me, $50-$100 or more in savings is worth walking the cart back to it’s slot to get my 25 cents back.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.