UK inflation: Food prices 'worryingly high' as sugar and milk soar - BBC
Getty Images By Daniel Thomas Business reporter, BBC News Food prices in the UK continued to surge at the fastest rate in nearly 45 years in April, with staples like sugar, milk and pasta up sharply. The rate at which grocery prices rose slowed marginally in the year to April, but at 19.1% is close to record highs. It comes as the overall UK inflation rate fell sharply to hit single figures for the first time since last August. However, it did not decline as much as expected and the chancellor said food prices remained "worryingly high". Inflation is a measure of the cost of living and to calculate it, the Office for National Statistics (ONS) keeps track of the prices of hundreds of everyday items, known as a "basket of goods". The rate has shot up over the last 18 months, as food and energy prices have soared, leaving many household feeling squeezed. Inflation was 8.7% in the year to April - down from 10.1% in March ...
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