A basket of shopping now costs 7% more last month that it would have cost just a year ago.
This is the highest rate of inflation for groceries for 18 months.
Fresh food, i.e. meat, butter and cooking oils was up 8.4% on June last year. Pasta, rice & flour increased by 5.1% in the last 12 months.
Annual food price inflation has jumped up 6% in May of this year.
Non food items also rose by 2.5% year on year last month. This is less that the official inflation figure of 3.3%, but 5 times the rate of June last year.
An increase in grocery prices affects us all. If you are feeling the squeeze to the extent that you can’t pay your debts as and when they fall due, seek advice.
Sarah Walford from local debt advisers REVIVAL, part of Cooper Parry LLP says “the sooner you seek financial advice, the more options that are available to you”