Food Prices Hit Highest Level in Nearly Half a Century Amid Double Digit InflationKurt Zindulka 20 Apr 2023
Food prices in Britain have hit their highest level in nearly a half-century amid continued double-digit inflation, while wages fell yet again in real terms.
According to research conducted by the Office for National Statistics (ONS), the consumer prices index (CPI) remained in double digits at 10.1 per cent in March. The inflation rate — the highest in Western Europe — was slightly down from 10.4 per cent from the previous month, however, food prices remained high, hitting levels not seen in 45 years.
According to the government statistician agency, the prices of bread and cereals were up 19.4 per cent in the year to March, the highest rate recorded on record since the government began tracking such figures in 1989. Meanwhile, the sharpest price increases were recorded among food items produced with olive oil which were up by 49 per cent on the year, followed by milk products at 38 per cent, and ready-made meals, which were up 21 per cent over last year, the BBC reported.
The annual rates for chocolate, confectionery, and hot beverages also all hit their highest levels on record.
https://twitter.com/ONS/status/1648567518854893568more
https://www.breitbart.com/europe/2023/04/20/food-prices-hit-highest-level-in-nearly-half-a-century-amid-double-digit-inflation/
