June 29, 2022, 5:50

    UK food prices soar with pasta now costing 50% more – see list of biggest rises

    UK food prices soar with pasta now costing 50% more – see list of biggest rises

    Pasta prices are up 50% in a year, as worrying new research shows how the cost of living crisis is hitting people already trying to save money on shopping.

    Households are already grappling with huge increases to the price of energy and fuels like petrol and diesel.

    But now official new data shows that even households trying to cut back on their grocery bills face soaring prices.

    For example, the price of dried pasta rose by 50% between April 2021 and 2022, according to the Office for National Statistics (ONS).

    The typical 500g bag of pasta now costs 53p, rather than 36p one year ago – horrifying news for people on low incomes.

    The ONS government body tracked prices of 30 cheap foods at Asda , the Co-op, Iceland , Morrisons, Sainsbury's, Tesco and Waitrose.

    The statistics body said the price of an 800g loaf of bread rose 16% in the last year, from 47p to 54p.

    Meanwhile minced beef costs £2.34 for a 500g pack now, up 16% from £2.02 a year ago.

    Rice prices are up 15% for a 1kg bag, from 80p to 92p.

    There have been some stark price rises

    Overall a basket of 30 'cheap' foods and drinks rose 6% in a year, the ONS said.

    The cost of some traditionally cheap foods did not change much, like instant coffee, milk, sugar and bananas. All rose in price by just 1%.

    But alhough food prices are rising overall, some selected items are actually falling.

    The biggest price drop was for a 2.5kg sack of potatoes – down 14% on average, from 87p to 75p.

    A 225g block of cheese cost 95p in most supermarkets a year ago, but 88p now, a drop of 7%.

    Sausages cost 87p for a 454g pack in 2021, but have fallen in price by 3p, or a 3% fall.

    The ONS is best-known for measuring price rises across all sectors and publishing inflation figures.

    But due to the cost of living crisis the statistics organisation has homed in on one area – cheap food.

    The ONS has made an experimental list of 30 cheap staple foods, then looked at each supermarket's website to find the cheapest option every month.

    It then tracked these prices over a year to see how these changed.

    Brits are paying more for food mostly because of rising costs being passed on and the war in Ukraine .

    Farmers and shops are facing higher bills for energy and fuel, which consumers end up footing the bill for.

    The Russian invasion of Ukraine has also led to higher food prices.

    Russia and Ukraine produce 80% of the world's sunflower oil and 30% of its wheat, leading to prices rising.

    But the two countries also produce huge amounts of fertiliser, which is now being disrupted.

    Lack of fertiliser means farmers paying more for it, and that cost being passed on to shoppers at supermarket tills.

    Earlier this month The Mirror reported UK inflation has surged to its highest level in 40 years.

    The consumer prices index (CPI) measure of inflation rose to 9% in the 12 months to April, the ONS said.

    This is up from 7% in the previous month and the highest inflation has been since 1982. The Bank of England and Chancellor Rishi Sunak have predicted that CPI could rise above 10% this year.

    M&S chairman, Archie Norman, said that food prices could soar by as much as 10%.

    Read More

    Read More

    Sourse: mirror.co.uk

    Related posts

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    We use cookies in order to give you the best possible experience on our website. By continuing to use this site, you agree to our use of cookies. You can find a detailed description in our Privacy Policy.
    Accept
    Reject
    Privacy Policy