UK: UK grocery prices rose by a record-breaking 17.1% during the first four weeks of February, according to the most recent data released by market researcher Kantar on Tuesday. According to the data, the sharpest increase was observed in the prices of milk, eggs and margarine.
According to the report, food inflation is at its highest level since the company began monitoring the data in 2008, raising the average annual shopping bill by £811 ($980) and causing UK households to change their consumption patterns.
“It is a full year since the monthly food inflation crossed 4% in February this year. People's lives are being affected by this significantly, according to Cantor Head of Retail and Consumer Insights.
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He said one in four British consumers was currently experiencing financial hardship and rising food prices were the public's second most important financial concern after energy costs.
A BBC study found that the cost of some essential items has almost doubled in the last two years. For example, a 500 gram bag of pasta, which cost 50 paise two years ago, is now 95 paise.
This year, it will be even harder for UK households to meet their needs as the government reduces its support for household energy costs and mortgage rates continue to rise, fueling the country's cost of living crisis.
Although food prices continue to rise, forcing consumers to shop at discount stores, overall inflation in Britain eased to 10.1% in January from its highest level in more than 40 years, according to economists.
When basic demand exceeds supply, people at the bottom are always forced to bear the brunt and burden, while those in positions of power gobble themselves up like fat stuffed pigs!
Citizens of the UK, at least you know and can be sure that the corrupt, godless politicians are not feeling the effects of their actions! They can weather the storm with ease because of the huge salaries and pensions they get from the UK working class, and if they get even the slightest bit of trouble, they will increase their wages and be better off and almost not "Suffering" The Effects Of Food Inflation!
It's a scam, inflation. Governments borrow money. The cost of living goes up. Governments around the world know that wages are not keeping up with inflation, so they lower interest rates at privately owned central banks in order to loan taxpayers money claiming to invest in the future.
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When a recession destroys property values, people will point the finger at taxpayers, shift the blame onto themselves, and buy less of the depreciated property. Repeat every 10 to 15 years until landlords working in conjunction with central banks are able to claim most of the prime real estate deed.
The top 10% own about 70%. The top 5% will own about 80% by the time the next recessionary cycle ends in 2035. When you do this you cast a ballot.
