Unaffordable Christmas meals loom as food inflation skyrockets to record 12.4 per cent

Published by
City AM

By Michiel Willems It has emerged that food inflation has surged to 12.4 per cent to hit a new record amid predictions of dampened Christmas cheer and an “increasingly bleak” winter. Overall shop prices are now 7.4 per cent higher than last November, up from 6.6 per cent in October, to set another record since the British Retail Consortium (BRC) records began in 2005. But food inflation accelerated considerably further to 12.4 per cent from October’s 11.6 per cent – also the highest rate on record as rocketing energy, animal feed and transport costs forced up prices. The BRC-Nielsen IQ Shop Pr…

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