With the cost of living higher than ever, and inflation rates still increasing, Brits are more aware of how much they spend on their weekly food shop.

But how much could our favourite food items cost this year compared to last? 

New research by credit card brand Aqua has used projected annual inflation rates to predict how much some of the UK’s best-loved food and drinks will rise in price this year.

Their research shows how our favourite foods are set to increase: 

  • A box of Yorkshire tea bags are predicted to rise in cost by over 30p, taking the price from £5.03 to £5.35.
  • Today, a bottle of Pimms costs £21.75 but that is expected to cost up to £2 extra, taking the price up to £23.15.
  • The popular supermarket meal deal is expected to cost 25p more, rising from £3.90 to £4.15.
  • This year a pub roast dinner is predicted to increase in price by almost £1 to cost £15.42.
  • A McMeal will go up 38p from £6 to £6.38.
  • A Cornetto now costs £2.79 but will increase in price by nearly 20p to £2.97.

Sharvan Selvam, Commercial Director at Aqua, said: “The cost of living crisis and rising inflation rates are hitting Brits hard, and are understandably causing concern for a large portion of the country.

"These topics are often at the forefront of the news cycle, and unfortunately, this is unlikely to change for some time."

He suggests taking steps to adjust your spending in line with rising food and drink prices, including finding out what you are entitled to in benefits and creating a personal budget.

"If you discover that your spending adds up to more than your income, look for ways to cut back in categories such as entertainment and eating out first," he said.

Full report: https://www.aquacard.co.uk/building-credit/the-effect-of-inflation-on-the-uk-s-favourite-food-and-drinks 

 

 

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