Grocery inflation hit a new high in the UK last month with items such as coffee and ready meals leading the price increases. Food inflation rose to 15.7 per cent in April, up from 15 percent in March.
In the fresh food category inflation also beat previous record levels, rising to 17.8 percent from a level of 17 percent in March. The question of grocery price rises also topped the political agenda too, with a food summit in Downing Street called by the UK PM Rishi Sunak..
Stalker was reading about one top multinational CEO who was explaining that his own organisation had staggered price rises because the public would not accept what the actuality was.
Price rises for the next few years were factored into their products to accommodate the staggering input cost rises.
Seems like the price pain will not wane, anytime soon.
