Cost of cucumbers, olive oil and cheese soar as inflation bites

Cucumbers, cheese and olive oil are among the products that have seen the biggest price rises as food inflation hits record figures.

According to the Office for National Statistics, in the 12 months to March, cucumbers rose in price by 52%, while cheddar rose in cost by 42% and olive oil was up 49%.

This comes as food inflation hit a new record high last month as the average price of food and non-alcoholic beverages saw the biggest increase in over 45 years.

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As a result, almost half of Brits said they had cut back on food spending and were eating out less, Reuters reported.

For those who are eating out, fish and chips was found to be the meal with the highest price rise, up 19% over the past year.

The latest BRC-NielsenIQ shop price index also found that food prices rose by 15.7% and fresh food prices soared by 17.8% year on year.

The price of ambient products saw an increase of 12.9%, while British Retail Consortium chief executive, Helen Dickinson warned that ready meals and coffee had also become more expensive.

However, she added that food prices are likely to fall in coming months “as the cut to wholesale prices and other cost pressures filter through.”



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