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Coffee (and chocolate) Drive Up Prices

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The story...

The rate of price rises at UK supermarkets hit a new high in the year to May due to coffee, chocolate and non-food goods.

The British Retail Consortium (BRC) and NielsenIQ said that the overall rate of inflation at grocers reached 9%.

While prices for fresh food have fallen marginally, the cost of commodities such as coffee and cocoa has jumped.

The government is in talks about asking supermarkets to cap prices on food items to help with the cost of living.

I am not really surprised by this as I remember reading years ago that inflation spikes happen largely due to imported goods. The cost of those goods in other economies goes up, therefor the costs raise in our stores. You would think it would be for just certain products but a lot of items get brought in together creating price increases across the board. If we get fruit and veg, for example, not from local farmers but ones outside our country those prices will rise too.

Posted : 29 September 2023 20:36


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