19 Apr 2023

Food prices soar as inflation still above 10%

Economics Correspondent

Britain has the highest inflation rate in Western Europe. Last month the rising cost of food contributed to a 10.1% inflation rate, only a slight drop from the month before.

In the past year, the price of olive oil has gone up by 50%, cheese and eggs over 30% and vegetables 20%.

This is the sharpest 12-month food price increase since records started in August 1977.