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Inflation & Prices

Breakfast Index Hits New High as UK Food Inflation Proves Sticky

  • Total cost for basket of goods approaches £36 for first time
  • Eggs post biggest increase with some easing in milk costs

The price of ingredients to make an English breakfast has risen to nearly £36 ($44), a record high, as UK food inflation shows little sign of easing.

Every product in Bloomberg’s Breakfast Index was more expensive in April than a year earlier. Items such as milk posted smaller price rises than before, indicating inflation may be slowing in some categories, but the average increase of 22% was in line with recent months.