British shoppers will see their annual grocery bills jump by £380 ($467) this year as food price inflation hits a 13-year high, new figures suggest.
According to the latest data from research firm Kantar, grocery price inflation jumped to 8.3 percent over the four weeks to June 12, up from 7 percent in May and its highest level since April 2009.
Kantar now predicts that the average annual shopping bill will increase by £380 to £4,960 in 2022—up by more than £100 since April, when the firm said the costs would go up by £271.
The upward revision shows “just how sharp price increases have been recently and the impact inflation is having on the sector,” said Fraser McKevitt, head of retail and consumer insight at Kantar….