Inflation remains high for UK households

Responding to the latest CPI inflation figures which shows headline inflation at 10.5%, and food inflation at 16.8% Helen Dickinson, Chief Executive of the British Retail Consortium, said:

“With food price inflation rising and the December cold snap forcing people to spend more on their energy bills, the festive season was a challenging time for families across the UK. As the war in Ukraine continues, so does the pressure on energy and food prices, particularly for animal feed and fertiliser, which drove up the price of many household staples. However, discounting ahead of Christmas helped to ease inflation in areas such as clothing and footwear, furniture and alcoholic beverages.”

“While there is some indication that inflation may have reached its peak, prices will remain high in the coming months. Retailers are determined to support their customers throughout this cost-of-living crisis. They are keeping the price of many essentials affordable, expanding their value ranges, raising pay for their own staff, and offering discounts for vulnerable groups.”