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Cost of living insights - Office for National Statistics
The latest data and trends about the cost of living. Explore changes in the cost of food and how this is affecting people.
www.ons.gov.uk
Prices of food and non-alcoholic drinks rising at fastest rate in over 45 years
The prices of food and non-alcoholic drinks rose at the fastest rate in more than 45 years in the 12 months to March 2023.The annual inflation rate in this category was 19.2%, up from 18.2% in the year to February 2023. Indicative modelled estimates suggest that the rate would have last been higher in August 1977, when it was estimated to be 21.9%.
The largest contributor to the rise in food inflation was bread and cereals, for which average prices rose by 19.4% in the year to March 2023.
Prices are also rising in restaurants and cafés, where the annual inflation rate was 10.4% in the year to March 2023, although that was down slightly from 11.4% in February 2023.