The acceleration of food price increases in recent months has been a nasty shock to British consumers, who have become accustomed to seeing their groceries become cheaper relative to their household income each week.
According to the British Retail Consortium and NielsenIQ, UK grocery prices were 13.3% higher in November than the same month last year. Official ONS measurements are even higher at 16% for the same month. Prices have not increased significantly since the late 1970s.
Why the food companies are not making profit even with price rising – ESS-Feed (essfeed.com)
