The price of your weekly food shop will have risen over the past year. Inflation has pushed up the price of everyday essentials. As the UK’s cost of living crisis continues, Express.com explores just how much your food bills have increased by and how different supermarkets compare.
Which supermarkets increased their prices the most in 2021?
According to research from Which? the UK’s eight biggest supermarkets all hiked the price of their average grocery basket in 2021. This study was based on comparing 19 basic grocery items.
But some supermarkets increased their prices far more than others.
Figures released by Which? in January 2022 show Waitrose has the highest average grocery basket price rise in 2021, with a staggering jump of 9.2 percent compared to the year before.
Both of these figures are impressive when you compare them to the rate of inflation in the UK in 2021.
The Consumer Prices Index (CPI) rose by 5.1 percent in the 12 months to November 2021, according to the Office for National Statistics (ONS).
Weekly food shops won’t be the only price hike Brits will have to consider this year.
April will be an expensive month for many, as Ofgem is expected to introduce a new higher cap on energy bills, and National Insurance contributions will also jump by 1.25 percent in the same month.
Rent also leapt in 2021, as the latest data from HomeLet Rental Index shows the average UK rent rose by 8.6 percent in the year up to September 2021.
Some welcome news is that the state pension will rise from April 6.
But this long-overdue increase will rise by just 3.1 percent.
This is considerably lower than it would have if the Government hadn’t scrapped their triple lock policy.
Overall, millions of Britons will face much higher bills this year as the cost of living crisis continues to rumble on.
Inflation is expected to jump to a staggering six percent by the spring and this combined with tax hikes, will see the majority of workers far worse off.
The Institute for Fiscal Studies estimates a person on an average £30,000 salary will see their pay cut by a worrying £1,600 a year.
Many have implored the Government to step in to alleviate this crisis, but so far no major policy changes have been announced to target this problem.