Shopping bills to surge by £180 a year due to soaring inflation as crisps and beef push up prices

THE cost of a weekly supermarket shop will jump by £180 a year as soaring inflation pushes up prices.

Households are facing higher food bills as the cost of living crunch continues to impact budgets across the UK.

According to the latest research, grocery price inflation has hit 3.8%, meaning shoppers are paying more for the same basket of food than they were a year ago.

Over the course of a year, that would add almost £200 to a family's supermarket shopping costs, according to research by Kantar.

The price of savoury snacks, such as crisps, and fresh beef are rising the fastest.

Meanwhile, the cost of bacon, vitamins and beer is falling.

Fraser McKevitt, head of retail and consumer insight at Kantar, said: “Prices are rising on many fronts, and the weekly shop is no exception."

He added: "We’re now likely to see shoppers striving to keep costs down by searching for cheaper products and promotions.

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"Supermarkets that can offer the best value stand to win the biggest slice of spend.”

The latest official statistics released in January showed that inflation soared to 5.4% – up from 5.1% in December.

The cost of living is rising at its fastest rate in 30 years, the Office for National Statistics said, with food, furniture and clothing prices all surging.

The Sun revealed yesterday that Nando's has hiked prices by up to 8%, blaming the jump on the rising cost of ingredients and Covid pressures.

Meanwhile, Next previously confirmed that prices will be up 6% by the winter, and its spring and summer collections will be 3.8% more expensive.

Greggs has also increased the price of some products by up to 10p and is considering whether further hikes are needed.

The increase in prices comes as consumers are struggling with rising energy costs and the prospect of tax hikes this year.

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