The cost of daily bread for households has skyrocketed in the past month, as the prices of other basic products, including milk and oil, have gone up. Bread prices rose 2.3% in March and are now 5.5% more expensive than a year ago, according to the Office for National Statistics.
Sheep prices also rose 1.7% in the month before families sat down at the Easter table. Eating lamb across the country this weekend will cost about 16% more than it did before Easter.
The data, based on the Retail Price Index, shows some staple foods are rising in value, exacerbating pressure on households across the country. Daily spending is on the rise and overall inflation, as measured by the Consumer Price Index, reached 7% year-on-year in March, according to data released Wednesday by the Office for National Statistics.
Many families are already shrinking due to rising costs, said Joanna Elson, chief executive of Money Advice Trust, a charity that supports the National Debt Line.
“Eight British adults say they have been left without heating, water or electricity in the past three months,” he said. With energy, food and fuel prices soaring and showing no signs of abating and National Insurance hitting wage packages for the first time this month, there is no interruption.
Urgent action is needed to prevent more people from making impossible choices who are trying to meet basic needs and face a growing debt burden.
Fresh milk was up 1.7% in March and 13.2% more expensive than it was a year ago. From February to March, pork rose 2.9% and butter 5.1%.
“Food inflation has been at an all-time high in more than 10 years, and the turmoil in global markets means that prices are likely to continue to rise in the coming months, which is particularly worrying for low-income households,” the Food Administration said. and drug. CEO Karen Betsy.Food and beverage manufacturers are doing everything they can to absorb the increasing costs of their ingredients, raw materials and energy.”But business must also remain sustainable, and the reality of current inflation means that some price increases must be borne.”
Helen Dickinson, chief executive of the British Retail Consortium, said: “Retailers are trying to help consumers by extending their value range and are doing their best to bring down the prices of essential goods.
“This can be seen in the BRC Store Price Index, which monitors prices of basic commodities, which has shown a slower rise in the prices of staple foods and other products than the inflation rate reported to the Office for National Statistics.”
Source: Belfastlive
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
