Brits hit with extra £800 on annual supermarket shop as grocery inflation hits record high
manchestereveningnews.co.ukGrocery price inflation hiked to a record high in February, potentially adding £811 to annual household shopping bills. The latest figures show grocery inflation has now hit 17.1 percent, a year on from it first rising beyond 4 percent.
Amid the cost-of-living crisis, consumers named food shop bills their second most important issue behind energy costs. Two thirds said they were concerned about food and drink prices, analysts Kantar said.
But there was still demand for Valentine’s Day celebrations this year, with sales of steak up by a quarter in the seven days to February 14 compared to the previous week, sparkling wine sales doubling and shoppers spending an extra £5 million on boxed chocolates.
February also saw sales of cold treatments rising by 82%, cough liquids up 78% and cough lozenges 70% higher. READ MORE: Classrooms close and picket lines form as teachers go on strike Kantar said it was closely following the impact of vegetable and fruit shortages on sales in the coming weeks, although it noted that the pack limits introduced by some supermarkets were unlikely to affect consumers as they usually bought fresh items in smaller quantities.
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