• 4 minutes Energy Armageddon
  • 6 minutes How Far Have We Really Gotten With Alternative Energy
  • 10 minutes Russia Says Europe Will Struggle To Replace Its Oil Products
  • 3 hours Reality catching up with EV forecasts
  • 5 days "Natural Gas Price Fundamental Daily Forecast – Grinding Toward Summer Highs Despite Huge Short Interest" by James Hyerczyk & REUTERS on NatGas
  • 4 days A Somewhat Realistic View of the Near Future for Electric Vehicles Worldwide
  • 10 days The Federal Reserve and Money...Aspects which are not widely known
  • 14 days US Oil Independence is a myth and will always be a myth
  • 15 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 18 days "Biden Is Running U.S. Energy Security Into The Ground" by Irina Slav
U.S. Oil Rig Count Slips Again

U.S. Oil Rig Count Slips Again

The total number of total…

Citi: European Oil Majors Could Become Acquisition Targets

Citi: European Oil Majors Could Become Acquisition Targets

Citi analysts are suggesting that…

City A.M

City A.M

CityAM.com is the online presence of City A.M., London's first free daily business newspaper. Both platforms cover financial and business news as well as sport and…

More Info

Premium Content

UK Food Inflation Swells To Highest Rate Ever Recorded

  • Food inflation has soared to the highest rate ever recorded. 
  • Fresh food swelled to 12%, while the price of animal feed and fertilizer climbed even higher.
  • Shoppers are expected to slowdown their discretionary spending in the coming months, with many retailers also worried about meeting their own increasing overheads.

Food inflation surged to its highest rate on record since the index started in 2005, according to freshly published data.

According to the British Retail Consortium (BRC) and NielsenIQ shop price index, food inflation hit 10.6 percent in September, up from 9.3 percent in August.

For fresh food, inflation swelled to 12.1 percent, up from 10.5 percent in August, also the highest rate in the category ever recorded.

Prices of animal feed, fertiliser and vegetable oil were amped up further this month due to the war in Ukraine, Helen Dickinson OBE, BRC chief executive, said.


This has then caused fresh food inflation to soar over the past few months, especially for items like margarine.

“While the summer drought diminished some harvests, other produce benefitted from the prolonged sunshine, helping to bring down prices for fruits such as strawberries, blueberries, and tomatoes,” Dickinson added.

Overall, shop price annual inflation accelerated to 5.7 percent in September. This marks an increase from the 5.1 percent in August and another record for shop price inflation.


Non-food inflation also stood at 3.3 percent this month, which was slightly above a three month average rates of 3.1 percent.

Price increases in this category were largely driven by DIY, gardening and hardware products, according to Dickinson, which “have Prices of fresh food were also amped up due to the war in Ukraine been harder hit by rising transport costs,” she explained.

Shoppers are expected to slowdown their discretionary spending in the coming months, with many retailers also worried about meeting their own increasing overheads.

It comes as firms like Aldi and John Lewis have said in recent days they are prepared to sacrifice profit in order to keep prices competitive for shoppers.

By CityAM

More Top Reads From Oilprice.com

Download The Free Oilprice App Today

Back to homepage



Leave a comment
  • DoRight Deikins on September 28 2022 said:
    Potatoes, cabbage, carrots, parsnips, onions, and turnips should all be cheaper. And unless it's decidedly colder than normal, those last four should be able to over-winter in those famous British gardens. I wonder how fox legs with turnips would taste? I can attest that squirrel soup is delicious, though a bit tough.

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News