Cost of budget pasta, bread and beef mince surges; German inflation near 50-year high– as it happened
by Jasper Jolly and Graeme Wearden (now) from on (#5ZSH7)
Prices of budget pasta, crisps, bread and mince products have surged in last year, pushing up cost of living for poorest families
- Latest: German inflation highest since 1970s oil shock
- Jack Monroe: People are being priced out of their own dinner
- ONS: Budget pasta prices up 50% in last year
- But overall, cheapest groceries rising in line with food inflation, says ONS
- Sainsbury's commits 500m over two years to avoid price rises on some products
The fact that the difference between the lowest-cost version of a grocery item and the next lowest-cost version is often at least 20% highlights the importance of supermarkets offering their cheapest brands at all their stores.
In February, Asda committed to making its cheapest food ranges more widely available, after the anti-poverty campaigner Jack Monroe warned that low-income shoppers were facing price increases because they could no longer buy those budget items.
Continue reading...