The price of everything is rising at the moment with the cost of living crisis, including everyday items we use to cook. Some of the unavoidable basics that make up a British kitchen might become less affordable in the near future.
With households struggling to make ends meet, people may find their weekly shop needs to be adapted for these trying times. While there are budget ranges in most stores and supermarkets attempting to reduce prices for customers, some of the essential budget items we keep in our cupboards have skyrocketed in price.
Pasta had the highest increase in price for a low budget food item according to a study by the Office of National Statistics (ONS). Other table favourites like bread, beef mince and crisps saw their costs go up too with food prices rising on average by 6%.
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The study showed that some budget food prices were increasing at a faster rate than inflation, although others like pizza had dropped during this period. Market researcher Kantar found that items like fresh beef and savoury snacks were increasing at a faster rate than others.
Here’s the foods which have had the largest price increase according to the ONS with the percentage by which they have increased.
- Pasta (50%)
- Crisps (17%)
- Bread (16%
- Minced beef (16%)
- Rice (15%)
- Biscuits (14%)
- Orange juice (14%)
- Mixed frozen vegetables (13%)
- Fruit squash (12%)
- Breakfast cereal (11%)
Not everything is increasing in price though, as some key foods have actually dropped in cost over the last year. Apples, sausages, chips, potatoes and cheese have all decreased in price as well as household favourite pizza.
Pet owners may find that even dog food is quickly increasing in price, according to the Kantar study. The ONS believes most households will spend around £180 more on food shopping due to the cost of living crisis.
Money saving experts recommend buying own brand products from stores rather than name brands to help fight the rising costs. Look in the reduced section for deals as well as deals on the shelf to make sure you get the most out of your money.
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