Food Costs Rises by £740

The cost of our weekly shopping trolley is on the rise, which could be to the sum of £740 a year. The price of basic food prices has increased by almost three times the official rate of inflation during the last year.

This research comes from website mysupermarket.co.uk, which has monitored the prices for 24 basic food items, including milk, bread, eggs, fruit and vegetables. There has been an average increase of almost 15%, meaning than an additional £740 a year being added onto a family’s shopping bill, which could lead to many needing help to manage their debt levels.

Company director, Johnny Stern, said: “Shoppers are still having to bear the brunt of a large price increase in the overall staples basket compared to one year ago.”