Fresh foods led the increase in prices – with inflation rising to 14.3% from 13.3% in October – with rises expected to continue into next year according to the latest data from the British Retail Consortium trade body, which represents most big retailers, and the market research firm NielsenIQ.
Overall shop price inflation rose to 7.4% in November from 6.6% in the previous month, a level not seen since at least 2005, as items such as sports equipment also jumped in price.
The rise in the cost of essentials is likely to hit poorer households hardest, many of which are already struggling with higher energy bills, as they have fewer options to make cut backs and savings.
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