UK food prices soar by fastest rate

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Annual rise of 11.6% comes as milk, teabags and sugar become more expensive.

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Food insecurity is inevitably.

October was up 13.3% year on year compared with a rate of 12.1% in September.

Non-food inflation picked up to 4.1% from 3.3% the month before, meaning overall shop prices were 6.6% higher year on year.

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Prices were pushed up because of the significant input cost pressures faced by retailers 

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BRC chief executive, Helen Dickinson, said: “It has been a difficult month for consumers who not only faced an increase in their energy bills, but also a more expensive shopping basket.

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Even the price of basic items went up, with the price of the humble cuppa rising, as teabags, milk and sugar all saw significant rises.

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While some supply chain costs are beginning to fall, this is more than offset by the cost of energy, meaning a difficult time ahead for retailers and households alike.

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Everyone wants to enjoy Christmas but you’ve got to take a view that certainly for the next three to six months we’re not going to see any rapid decline in inflation.

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Richard Walker, the managing director of Iceland Foods, also warned of further price rises and growing food insecurity.

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I think it will get worse.

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