Shoppers have been facing increasing prices as the cost of living crisis continues
Grocery price inflation hiked to a record high in February, potentially adding £811 to annual household shopping bills.
But there was still demand for Valentine’s Day celebrations this year, with sales of steak up by a quarter in the seven days to February 14 compared to the previous week, sparkling wine sales doubling and shoppers spending an extra £5 million on boxed chocolates. February also saw sales of cold treatments rising by 82%, cough liquids up 78% and cough lozenges 70% higher.
“Our latest research shows that grocery price inflation is the second most important financial issue for the public behind energy costs, with two thirds of people concerned by food and drink prices, above public sector strikes and climate change. One quarter say they’re struggling financially, versus one in five this time last year. The numbers speak for themselves.”
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