The cost of feeding your family is set to rise by £533 this year

The cost of feeding your family is set to rise by £533 this year

The cost of feeding your family is set to rise by £533 this year

The cost of feeding your family is set to rise by £533 this year

The hike is equivalent to £10.25 a week (Picture: Getty)

Shoppers have seen their grocery bills rise at the fastest rate since the global financial crisis as the cost of basic groceries continues to rise.

Prices soared 11.6%, led by surges in butter, milk and chicken prices, according to new data.

Research firm Kantar said this equates to an annual increase of £533 in the average UK household bill – or £10.25 a week.

The increase over the past four weeks is the fastest since they started keeping tabs in 2008.

As a result, he reported that sales of own-brand products rose by nearly a fifth as shoppers sought to save money.

Fraser McKevitt, head of retail and consumer insights at Kantar, said: “As expected, we have now reached a new peak in food price inflation, products like butter, milk and poultry in particular registering some of the biggest jumps.

“This increase means the average annual store is expected to increase by £533, or £10.25 per week, if consumers buy the same products as last year.

“It’s no surprise that we’re seeing homebuyers alter their lifestyles to meet the additional demands placed on their household budgets.”

The cost of feeding your family is set to rise by £533 this year

How the cost of your purchases has already increased

How everyday items have gone up in price over the past 12 months

Here are some examples of how the cost of everyday goods and services has increased over the past year.

The figures are based on the Consumer Price Index (CPI) measure of inflation and were released by the Office for National Statistics.

In each case, the figure is the percentage change in the average price over the 12 months to July 2022.

– Food

Low fat milk 34.0%

Butter 27.1%

Pasta and couscous 24.4%

Olive oil 23.6%

Margarine and other vegetable fats 22.5%

Jams, marmalades and honey 21.2%

Sauces, condiments, salt, spices and culinary herbs 21.2%

Cheese and curd 17.9%

Ready meals 16.0%

Potatoes 15.7%

Eggs 14.6%

Yogurt 14.2%

Pork 13.2%

Edible ices and ice cream 12.9%

Fish 12.8%

Bread 11.0%

Pizzas and quiches 9.9%

Fruit 8.5%

Rice 6.7%

Sugar 5.1%

– Drinks

Mineral or spring waters 22.0%

Fruit and vegetable juices 14.8%

Coffee 12.0%

Tea 10.2%

Non-alcoholic beverages 7.7%

Beer 3.2%

Spirits 3.1%

Wine 2.5%

– Clothes and shoes

Clothing accessories 7.7%

Men’s clothing 7.4%

Infant and children’s clothing 7.4%

Footwear for babies and children 7.3%

Women’s clothing 6.4%

Women’s footwear 5.5%

Men’s shoes 3.9%

– Electricity, gas and other fuels

Liquid fuels 114.1%

Gas 95.7%

Electricity 54.0%

Solid fuels 26.9%

– Household items and furniture

Garden furniture 21.1%

Heaters and air conditioners 18.2%

Irons 14.8%

Refrigerators, freezers and fridge-freezers 13.2%

Glassware and porcelain 12.8%

Ranges 8.5%

Bed linen 8.1%

Lighting equipment 7.9%

Rugs and carpets 4.9%

– Vehicles

Used cars 8.6%

New cars 7.3%

Bicycles 6.1%

Motorcycles 2.3%

– Passenger transport

By plane 37.1%

By train 9.8%

By metro and tram 5.1%

By bus and coach 3.8%

By sea and river 3.0%

– Hospitality and leisure

Holiday centres, campsites and youth hostels 25.5%

Cinemas, theaters and concerts 14.0%

Fast food and takeaway 10.3%

Restaurants and cafes 7.5%

Canteens 6.3%

Museums, libraries and zoos 5.0%

– Other recreational items

Garden products 15.1%

Pet products 13.7%

Sports equipment 11.7%

Veterinary and other pet services 9.1%

Sports equipment 8.6%

Plants and flowers 6.6%

It came as overall supermarket sales rose 2.2% in the 12 weeks to August 7.

Experts said consumers are now buying more and switching supermarkets in response to the cost of living crisis.

Lidl was again the fastest growing supermarket chain, with sales up 17.9% over the past 12 weeks.

Rival German discounter Aldi also performed strongly, posting 14.4% growth as customers were attracted to the two companies’ cheaper product lines.

Tesco was the best performer among the UK’s largest grocers, posting growth of 1%.

Meanwhile, Asda saw sales increase by 0.2% and Sainsbury’s saw a decline of 0.1%.

The worst performer of the big four was Morrisons, which saw sales fall by 4.9%.

Soaring grocery prices will put additional pressure on households already feeling the pinch as the cost of living crisis deepens.

Inflation hit a 40-year high of 10.1% in the 12 months to July, largely driven by the prices of food and basic items, including toilet rolls and toothbrushes.

Meanwhile, British workers have seen their wages lag inflation at record highs in the last quarter as the ‘real value’ of wages fell 3% – the biggest fall since records began in 2001.

A new poll has found that two-thirds of the public believe the government is not doing enough to help tackle the crisis.

The Ipsos survey found that 66% of respondents think the government is not providing enough help as rising energy bills once again make headlines, while only 28% think the government is not providing enough help. current measurements are about right or too much.

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The figures represent a worsening of the government’s standing in the public eye since it last announced measures to help households in late May.

Both Tory leadership candidates have been called upon to tackle the cost of living crisis as a matter of urgency.

Favorite Liz Truss and rival Rishi Sunak have been told to more than double the level of government support for low-income families to avert a ‘catastrophe’ over the winter.

It came as Sir Keir Starmer unveiled Labour’s £29billion plan that would freeze the energy price cap at its current level of £1,971 for six months from October, in the aim of saving the average household £1,000.

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