Food prices are rising faster in the UK than across
Europe, according to new data published 29th July.
Inflation in food prices stood at 9.5% in June in the
UK, according to statistics released by the Organisation
for Economic Co-operation & Development.
That compares with food inflation rates of just over 7%
in Germany and Spain, slightly more than 6% in the
Netherlands and around 5.8% in France.
Fresh produce including meat, milk and eggs are cited in
the report as notching up some of the largest increases.
The news comes after supermarkets in the UK have met
criticism for passing on the bulk of rising commodity
prices to consumers.
?Although their own costs are going up, food retailers
are running high-profile price cuts and promotions,?
British Retail Consortium director general Stephen
Robertson is quoted as saying in the Daily Mail. ?They
are keeping prices to customers down by cutting costs
and increasing sales.?
The OECD also found that energy costs are rising
significantly faster for consumers in the UK than on the
Continent, rising by around 19.1% in the last year.