North East UK news The 13 food items rising in price the most as inflation hits 10.1% PremierLeague-News.Com

PremierLeague-News.Com - The Consumer Prices Index inflation is now at 10.1%, the highest level since 1982, according to the Office for National Statistics

North East UK news The 13 food items rising in price the most as inflation hits 10.1% PremierLeague-News.Com

PremierLeague-News.Com - The Consumer Prices Index inflation is now at 10.1%, the highest level since 1982, according to the Office for National Statistics

North East UK news The 13 food items rising in price the most as inflation hits 10.1% PremierLeague-News.Com
17 August 2022 - 13:00

PremierLeague-News.Com - Breaking Sport Transfer News ! Inflation in the UK has reached an eye-watering 10.1% in the 12 months to July - and the cost of food products has gone up. The Office for National Statistics (ONS) has revealed that Consumer Prices Index (CPI) inflation has increased from 9.4% in June - and is now at its highest level since February 1982. The rise is largely down to food prices and staples including toilet rolls and toothbrushes, the ONS said. Inflation is also now five times higher than the Bank of England target of 2% - with the central bank predicting it could hit 13.3% in October when the energy price cap rises, reports The Mirror. As prices continue to rise, we look at which supermarket products are going up the most. Read More:Tesco Clubcard holders urged to not to get caught out by 'common' shopping mistake 13 food items rising the most as inflation hits 10.1% Increased food costs were the biggest driver to the latest hike, with annual inflation for these items now running at 12.7%. This is up from 9.8% in June, the ONS said, with some of the everyday items causing the biggest spike being bread, milk and cheese. Here is how the increases break down, in terms of how much they contributed to the change in the annual rate. Bread - 0.06 percentage points Cereal - 0.

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.05 percentage points Cheese - 0.05 percentage points Eggs - 0.05 percentage points Vegetables - 0.04 percentage points Meat - 0.04 percentage points Sugar - 0.04 percentage points Jam - 0.04 percentage points Honey - 0.04 percentage points Syrup - 0.04 percentage points Chocolate - 0.04 percentage points Confectionary - 0.04 percentage points ONS chief economist Grant Fitzner said: "A wide range of price rises drove inflation up again this month. Food prices rose notably, particularly bakery products, dairy, meat and vegetables, which was also reflected in higher takeaway prices. "Price rises in other staple items, such as pet food, toilet rolls, toothbrushes and deodorants also pushed up inflation in July. Driven by higher demand, the price for package holidays rose, after falling at the same time last year, while air fares also increased. "The cost of both raw materials and goods leaving factories continued to rise, driven by the price of metals and food respectively." Read Next: Bank will give £175 free cash to customers who switch their current account Millions of households to get £400 energy bill discount paid into their bank account Expert advises the 'very first thing' you should do if you can't pay winter energy bills Millions of BT, Virgin and Sky users affected by broadband shake up next week Tesco cuts 100 lines of value items over 3 years despite skyrocketing costs

Source = PremierLeague-News.Com

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