![]() Therefore, the figures I’ve arranged for you below will be subject to change – and you may even be paying more by the time you come to read this guide. With this state of inflation showing little sign of slowing down, it’s early days to really say where it’s likely to stop. ![]() To the average household, this means that you may expect your yearly grocery bills to increase by anywhere between £500 and £600. Even in to December 2022 food inflation continued to remain high, clocking in at 13.3%, which is higher than the reported data from November. According to research from Kantar, grocery shopping inflation increased to as much as 13.9% – the highest it’s been since 2008. Consider your own needs and budget accordingly! Food price rises in the UKĪt the time of writing and publishing, the Bank of England announced that its base rate is going up in light of the continued cost of living crisis. Given that inflation in the UK has only just recently risen again at the time of writing, it’s worth taking all these figures with a pinch of salt. It’s worth adding £10 or more to the total to head in a more accurate direction. However, these rates date up to spring 2021, so prior to the war in Ukraine and the associated spikes in prices that resulted. I’ve based this data on general information from the Office of National Statistics’ report on Family Spending in the UK. I’ve taken a look at some of the average figures relating to average grocery spending in the UK right now. Keep in mind that we all have different needs and wants – and that your family of three may not spend as much as next door’s family of six, and several pets! With news over the past few months to years about inflation hitting all-new highs, the average grocery bill in the UK is only likely to escalate.īefore looking into how you can cut the costs of what you spend on food and drink each month, it’s worth taking a look at what other people pay on average. For many of us, there always comes a time for counting the pennies.
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