UK grocery inflation hits 14.7%; recession looms as housing market weakens – as it happened

UK households face 682 rise in annual grocery bill as prices soar, and there's no peak in sight'

• UK retailers braced for tough Christmas as shoppers feel squeeze

Supermarket inflation in the UK has soared towards 15%, driving up the average bill by 682 per year.

Grocery prices were 14.7% higher than a year ago in October, Kantar Worldpanel reports, as shoppers continued to be hit by rising costs.

Yet again, we have a new record high figure for grocery price inflation and it's too early right now to call the top.

Consumers face a 682 jump in their annual grocery bill if they continue to buy the same items and just over a quarter of all households [27%] now say they're struggling financially, which is double the proportion we recorded last November.