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A fried breakfast costs almost £ 7. The UK is facing the biggest price hikes in 40 years

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If a person buys all the ingredients needed to make a fried breakfast, the total cost is currently £ 6.83, according to research firm Kantar. Prices are also rising at the fastest pace in 40 years, the BBC reports.

Food prices in the UK have risen at the fastest pace since 2009. In the last four weeks, prices have risen by 7% compared to last year, with people increasingly worried about the money they spend on food every week.

Food, fuel and energy costs have risen recently, partly due to the war in Ukraine, which is affecting the population.

Food prices are currently the second biggest concern for families, after rising energy bills, Kantar added.

According to Kantar, 22% of households say they are struggling to cope with spending. The increase in the weekly food price is alarming for more than 9 out of 10 people.

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Prices are rising the most for products such as dog food, salty snacks and fresh beef, although they are declining among spirits.

“People are really feeling the pressure on supermarkets and they have to adjust their budgets even more to cope with rising prices,” said Fraser McKevitt, head of Kantar’s retail and consumer department.

INCREASING INFLATION

The latest inflation figures show that prices in the UK are rising at the fastest pace in 40 years.

The Bank of England has warned that inflation could reach 10% in a few months.

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A food industry leader has warned that food prices could rise by up to 15% this year.

A study by market research firm YouGov found that 2 out of 5 Britons had to cut back on their spending or no money on clothes, meals in the city, non-essential food items and packaged food in the last six months.

In the meantime, one in five has reduced or stopped spending on day trips, vacations and fuel.

According to Kantar, UK food sales fell 4.4% in the 12 weeks to May 15 compared to the same period last year, when pandemic restrictions boosted sales.

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