UK food prices continue to rise - Consumer Prices Index
Dairy, eggs and meat all contributed to higher food prices
22 August 2022
1 minute read
According to the most recent UK Consumer Price Index report, costs for food and non-alcoholic beverages continued to rise in July.
Food and non-alcoholic beverages saw an increase of 2.3% between June and July 2022, taking the division's annual inflation rate to 12.7% in July 2022, up from 9.8% in June.
This month's rise in prices follows three months of increases (of between 1.2% and 1.5%) and is the highest monthly increase since May 2001, when the constructed historical estimates recorded food and non-alcoholic beverage annual inflation to be 2.8%. The annual rate of inflation was last higher in August 2008, when inflation for food and non-alcoholic beverages was 13.2%.
All 11 classes of food and non-alcoholic beverages classes contributed to rising inflation. The largest upward contributions (0.04 percentage points) came from bread and cereals, and from milk, cheese and eggs – where prices for shop-bought and delivered milk, cheddar cheese and yoghurts (or fromage frais) increased notably.
Other smaller effects (of 0.03 percentage points) came from meat (notably from cooked ham and bacon), vegetables including tubers, and sugar, jam, syrups, chocolate and confectionery.
