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Experts share inflation warning as food and drink prices rise
Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleUK Consumer Prices Index (CPI) inflation remained unchanged at 3.8 per cent in August, aligning with July's rate and economist expectations. Food and drink inflation accelerated for the fifth consecutive month, rising to 5.1 per cent in August from 4.9 per cent in July, impacting household budgets. The Office for National Statistics noted that lower airfare costs were offset by increases in fuel prices and hotel accommodation, alongside rising food prices for items such as vegetables, cheese, and fish. Chancellor Rachel Reeves acknowledged the economic difficulties for families and outlined government support measures, while the Food and Drink Federation projects food inflation could reach 5.7 per cent by year-end. Businesses continue to face cost pressures, prompting the British Chambers of Commerce to call for no new tax rises, and the Bank of England is not expected to cut interest rates further in the near term. In fullUK inflation remains steady at 3.8% in AugustThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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independent.co.uk
Aldi issues stark warning over rising food prices
Food inflation is set to run as high as 5.7 per cent later this year in another blow to consumers
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dailymail.co.uk
Fears of spike in food bills as firms face Labour pain
An industry body said food and drink inflation could reach 5.7 per cent by the end of the year, pointing to the effects of the national insurance raid and new packaging taxes.
