Food bills on course to rise by £275 a year as prices jump
UNITED KINGDOM, JUL 22 – UK households face a £275 annual increase in grocery bills amid 5.4% food price inflation, the highest rise since early 2024, says market research firm Worldpanel.
- Average households face an extra £275 on groceries this year, pushing bills above £5,500 from an average of £5,283.
- Since 2022 climate disasters have driven food price surges, while rising employer NIC costs have compounded cost pressures.
- Over the past month food prices climbed 5.4% at Worldpanel, with Fraser McKevitt saying `almost seven in ten dinner plates include fewer than six components`.
- Around one in five households are struggling with grocery bills, discount chain sales up, Aldi share at 10.9%.
- Researchers from the European Central Bank and others released findings on Monday, ahead of the UN Food Systems Summit in Ethiopia from July 27 to July 29.
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Annual grocery bills could jump by £275, Worldpanel figures indicate – RetailWit
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