Staple food prices 'remain consistent' |
| Tuesday, 16 December 2008 | |
 Staple food prices are more than 17% higher than they were this time last year, according to new figures out today, but annual rises are beginning to stabilise.A basket of 24 staple items, such as bread, eggs, butter and milk has risen by an average of 17.9% at Asda, Tesco and Sainsbury's in the last 12 months, said comparison site mySupermarket.co.uk. Tesco's thick sliced loaf has increased by 22% since last December, iceberg lettuce at Asda grew in price by 45.3% and Sainsbury's fusili by 52.9%. Last month, annual staple food prices rose by 17.8%, the company said. Spokesman Jonny Steel said: "The year-on-year increase in staple food prices remains consistent this month at 17%. "Whilst this is obviously still a large increase on the price shoppers were paying twelve months ago, it may signal that the rate of increase has reached a plateau. "In better news for shoppers, the mySupermarket Food Inflation Index shows a 4.5% increase in overall prices of food and drink across Asda, Sainsbury's and Tesco." More than a fifth of Britons will cut back on their Christmas meal this year, Lightspeed Research said this month. Related Articles
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