UK food inflation hits 13.3% in December

British Retail Consortium

The annual growth of UK food prices was 13.3% in December, the highest reading on record, according to new figures from the British Retail Consortium.

The BRC, whose records began in 2005, said this was up from 12.4% in November. The figures show the inflation rate for fresh produce in December was even higher at 15%, up from 14.3% a month earlier. The BRC said high prices for animal feed, fertiliser and energy all contributed to the higher food prices. IMF: 2023 will be tougher than 2022 for the world's economies The numbers from the BRC suggest the rate of food inflation due to be reported by the Office for National Statistics for December later this month will also be higher. In November the ONS reported a 16.6% rate of foo...