Wednesday, June 5, 2013

Britain suffers highest food and energy inflation in EU as crippling squeeze on households continues

Food and energy prices are rising faster in Britain than anywhere else in Europe as the crippling squeeze on household finances continues, a major report said yesterday.

The Organisation for Economic Co-operation and Development said food prices in April were 4.6 per cent higher than in the same month last year, while energy prices were up 2.2 per cent.

The rate of inflation in the UK was far higher than elsewhere in Europe and underlined the crisis facing families as they struggle to make ends meet.