Grocery prices in the United Kingdom have hit another record high, adding more than 837 pounds ($1,030) a year to average household food bills, according to market research firm Kantar.
Supermarket prices climbed to reach an inflation rate of 17.5 percent over the four weeks to March 19, Kantar said—up from 17.1 percent in February, and marking the highest reading since records began in 2008—with the cost of eggs, milk, sugar, and cheese rising fastest amid a cost-of-living crisis.
Experts warned that UK consumers face splashing out hundreds of pounds extra each year if they don’t change their shopping behaviors.
“Unfortunately, it’s more bad news for the British public, who are experiencing the ninth month of double-digit grocery price inflation,” said Fraser McKevitt, Kantar’s head of retail and consumer insight, in a statement….