Almost half of Brits have cut back on food spending as prices soar, official statistics show.
About 49% of people surveyed by the Office for National Statistics said they bought less groceries than normal between June 22 and July 3.
This was up from 8% of respondents last September.
Another 48% said they were forced to spend more than usual on their grocery shopping.
Overall, 91% of 2,300 participants gave their opinion cost of living had increased in the past month.
Almost all indicated that this was due to rising food costs (95%).
Skyrocketing energy bills (83%) and fuel prices (79%) were also given as reasons.
The most common actions taken to address this issue were spending less on unnecessary things (reported by 62% of people), using less energy at home (53%), reducing unnecessary car trips (46%) and shopping locally more (38%).
The figures support reports from UK supermarkets that shoppers are under increasing financial pressure.
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Sainsbury’s said on Tuesday that underlying quarterly sales fell 4%.
Tesco, the country’s largest supermarket, said customers were buying cheaper own-brand items and making smaller, more frequent trips.
Last week, US bank Citi forecast that food price inflation would top 20% by early next year.
Inflation hit 9.1% in May and is expected to reach 11% this fall.
Half of Brits are buying less groceries as prices soar amid cost-of-living crisis | UK News
Source link Half of Brits are buying less groceries as prices soar amid cost-of-living crisis | UK News