Milk and cheese prices seed food prices rise to 45-year high - The Evesham Observer

Milk and cheese prices seed food prices rise to 45-year high

Evesham Editorial 16th Nov, 2022   0

FOOD prices are rising at their fastest rate for 45 years, with the cost of basics such as milk, cheese and eggs surging, new figures have revealed

Food price inflation hit 16.2 per cent in the year to October, up from 14.5 per cent in September, latest figures show.

Energy and fuel costs also rose sharply, pushing the overall inflation rate to its highest level since 1981.

The surging cost of living is squeezing household budgets, leaving many people facing hardship.

The Office for National Statistics (ONS) said it was hitting poorer households hardest, as they spent around half of their income on food and energy, compared to about a third for those on middle incomes.

October’s overall inflation rate, of 11.1 per cent, is the highest for 41 years.


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