The cost of the cheapest items at UK supermarkets has risen by more than 60% in the last year, new data has revealed.
The UK’s most squeezed households are seeing the price they have to pay for some of the cheapest food in the supermarket soaring by nearly two thirds, according to the Office for National Statistics.
The cheapest vegetable oil on supermarket shelves has jumped by 65%.
Statisticians have collected more than a million prices from supermarket websites over the past year to compare the cost of the cheapest available produce.
It allows them to better understand the impact of the cost-of-living crisis on poorer households.
They said that the cheapest tea had risen in price by 46%, chips rose 39%, bread was up 38% and biscuits up 34%.
“While the recent spike in inflation began with energy prices, today’s fresh insights using a new innovative data source show they are now filtering through to other important items, with the cheapest price of some staple food items rising by around two thirds in the last year,” said national statistician Sir Ian Diamond.
Earlier this year, campaigner Jack Monroe called on the ONS to update the way it measures inflation to better understand what impact rising prices have on the poorest households.
Some items also decreased in price. Orange juice dropped 9%, and minced beef was down 7%.
The ONS also published separate data showing that 72% of people with prepayment energy meters are finding it difficult to pay their bills.
“Figures from our near real-time survey of people show that while rises in food and energy costs are affecting many people across the country, those who are disabled, from certain ethnic minority backgrounds and renters are among those struggling the most,” Sir Ian said.
“With rises in the cost of living at the forefront of many people’s minds, our new, almost real time, data showing just how prices are changing and shining a light on how different groups are affected have never been more important.”
A message from the Editor
Thank you for reading this article - we appreciate your support in reading the Daily Echo.
Subscribing to the Echo means you have unrestricted access to the latest news, features and Saints coverage - all with an advertising-light website.
You will also have full access to Saintsplus, your new home for Southampton FC tactical analysis, features and much, much more.
Don't just take my word for it - subscribe today.
Follow the latest breaking news in the Southampton area by searching Southampton News - Breaking News and Incidents on Facebook
Follow the latest court and crime news on our dedicated group by searching Hampshire Court and Crime News on Facebook
Comments: Our rules
We want our comments to be a lively and valuable part of our community - a place where readers can debate and engage with the most important local issues. The ability to comment on our stories is a privilege, not a right, however, and that privilege may be withdrawn if it is abused or misused.
Please report any comments that break our rules.
Read the rules hereLast Updated:
Report this comment Cancel