Food prices: Cost of living crisis to worsen in 2022 as costs rising at fastest rate since | City & Business | Finance

The price rises of November and December reverse previous declines in prices with fresh food previously falling -0.2 percent on a 12 month average.

Looking forward Ms Dickinson warned: “The trajectory for consumer prices is very clear: they will continue to rise, and at a faster rate.

“Retailers can no longer absorb all the cost pressures arising from more expensive transportation, labour shortages, and rising commodity and global food prices.

“Consumers will already be harder pressed this year, with rising energy bills, the looming hike in national insurance, and more expensive mortgages.

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