UK inflation soars to 10-year high of 5.1% as cost of living squeeze tightens – business live | Business
Digging into today’s inflation data, its clear that prices have risen across the board in the last 12 month, although there are some exceptions.
Food prices have risen 2.4% per year, including a 5.1% rise in ‘beef and veal’, a 6.9% leap in ‘lamb and goat’, a 5.7% rise in whole milk, and a 8.9% jump in butter prices. Fruit rose 4.5%, while yoghurt rose 6.7%.
Crisps are up 7.3%, while ice-cream and edible ice prices have risen 9.1%.
But flour and other cereals fell 10.3%, pizza and quiche prices are down 7.6% on a year ago, and pasta and couscous was 5.2% lower — all staple items during last November’s lockdown.
Among alcohol products, wine rose 3.3%, including fortified wines which jumped 8.3%, while beer rose 2%.
Tobacco prices were up 6.8%, following tax increases.
Clothing prices jumped 3.8%, with infant and children’s garments costing 4.8% more than a year ago.
Households have also faced a 13.7%…
