Cost of food in the United Kingdom accelerated for a 17th consecutive month and increased 16.8% year-on-year in December of 2022, the highest rate since at least 1977. The largest upward effect came from cost of milk, cheese and eggs. source: Office for National Statistics
Food Inflation in the United Kingdom averaged 2.62 percent from 1989 until 2022, reaching an all time high of 16.80 percent in December of 2022 and a record low of -3.30 percent in February of 2015. This page provides the latest reported value for - United Kingdom Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Food Inflation - values, historical data and charts - was last updated on January of 2023.
Food Inflation in the United Kingdom is expected to be 10.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Food Inflation is projected to trend around 1.90 percent in 2024, according to our econometric models.