Food prices will soon overtake energy in driving UK inflation, report predicts

1 year ago 69

Resolution Foundation says it is not clear that politicians are prepared for another year of food price rises

The rising cost of food will overtake the price of energy as the driving force behind inflation over the summer, hitting poorer households the hardest, a leading thinktank has forecast.

Grocery bills that had rocketed by almost 20% during the past year would continue to increase, replacing energy prices that were expected to begin falling over the next few months, the Resolution Foundation said.

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