UK inflation: Food prices ‘worryingly high’ as sugar and milk

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UK inflation: Food prices ‘worryingly high’ as sugar and milk soar – BBC News.flourish-container{position:relative;color:#404040;font-family:’Helmet’, ‘Freesans’, ‘Helvetica’, ‘Arial’, sans-serif;font-weight:400;line-height:1.4}.flourish-embed{position:relative}\n\u003c/style>\n\u003cdiv class=\”flourish-container\” id=\”flourish-container-vjeastasia-800-flourish_on_slack-newsspec-34356\”>\n \u003cdiv class=\”flourish-fallback\” id=\”flourish-fallback-vjeastasia-800-flourish_on_slack-newsspec-34356\”>\n \u003cp>Your device may not support this visualisation\u003c/p>\n \u003c/div>\n \u003cdiv id=\”flourish-embed-container-vjeastasia-800-flourish_on_slack-newsspec-34356\” class=\”off-screen\”>\n \u003cdiv class=\”flourish-embed flourish-\” data-src=\”visualisation/10677491?123456\”>\u003c/div>\n \u003cscript src=\”https://public.flourish.studio/resources/embed-2cda55b159ec9b85.js\” integrity=\”sha384-Q/QY2UasT8DtSgFrVEcihKOM7EoIk26XQkt8hwhzpwfjOG6Ft0xsAgeIdS0XrDTx\” crossorigin=\”anonymous\”>\u003c/script>\n \u003c/div>\n\u003c/div>\n\u003cscript src=\”https://news.files.bbci.co.uk/include/vjeastasia/800-flourish_on_slack/english/newsspec-34356.js??v=1.0.202207261230.202207261230\”>\u003c/script>\n”}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”Inflation is still four times higher than the Bank of England’s 2% target.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”Inflation is still four times higher than the Bank of England’s 2% target.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”It has raised interest rates 12 times since December 2021 to try and tackle this.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”It has raised interest rates 12 times since December 2021 to try and tackle this.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”In theory, the higher cost of borrowing means people will buy fewer things, especially if they are having to pay more for things like mortgages, which should help prevent prices rising as quickly.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”In theory, the higher cost of borrowing means people will buy fewer things, especially if they are having to pay more for things like mortgages, which should help prevent prices rising as quickly.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”It also makes it harder for firms to borrow money and expand.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”It also makes it harder for firms to borrow money and expand.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”Since March, the Bank of England has slowed the pace of rate rises, but following Wednesday’s inflation figures, investors were betting rates could climb by a further percentage point to 5.5% by the end of the year. “,”blocks”:[{“type”:”fragment”,”model”:{“text”:”Since March, the Bank of England has slowed the pace of rate rises, but following Wednesday’s inflation figures, investors were betting rates could climb by a further percentage point to 5.5% by the end of the year. “,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”On Tuesday, the market was predicting 5.1% would be the peak. “,”blocks”:[{“type”:”fragment”,”model”:{“text”:”On Tuesday, the market was predicting 5.1% would be the peak. “,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”It is not just households who are being hit by surging price rises. Welsh farmer Llyr Jones said the last 12 months had been \”challenging\” with the price of feed, fertiliser, diesel and electricity increasing.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”It is not just households who are being hit by surging price rises. Welsh farmer Llyr Jones said the last 12 months had been \”challenging\” with the price of feed, fertiliser, diesel and electricity increasing.”,”attributes”:[]}}]}}]}},{“type”:”image”,”model”:{“caption”:{“type”:”text”,”model”:{“blocks”:[{“type”:”fragment”,”model”:{“text”:”Farmer Llyr Jones said there was a glimmer of hope now that the cost of fuel was starting to fall”,”attributes”:[]}}]}},”image”:{“alt”:”Llyr Jones”,”copyright”:null,”height”:549,”width”:976,”src”:”https://ichef.bbci.co.uk/news/976/cpsprodpb/16246/production/_129849609_farmer.jpg”,”srcSet”:”https://ichef.bbci.co.uk/news/240/cpsprodpb/16246/production/_129849609_farmer.jpg.webp 240w, https://ichef.bbci.co.uk/news/320/cpsprodpb/16246/production/_129849609_farmer.jpg.webp 320w, https://ichef.bbci.co.uk/news/480/cpsprodpb/16246/production/_129849609_farmer.jpg.webp 480w, https://ichef.bbci.co.uk/news/624/cpsprodpb/16246/production/_129849609_farmer.jpg.webp 624w, 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cattle.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”Mr Jones, 44, runs Derwydd Farm in Corwen and has 32,000 hens and also raises cattle.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”He told the BBC that Russia’s war with Ukraine has added to the pressures because he buys feed from global markets. “,”blocks”:[{“type”:”fragment”,”model”:{“text”:”He told the BBC that Russia’s war with Ukraine has added to the pressures because he buys feed from global markets. “,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”But Mr Jones said there was \”a slight glimmer of hope for the next few months\” because of the cost of fuel and diesel had started to fall.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”But Mr Jones said there was \”a slight glimmer of hope for the next few months\” because of the cost of fuel and diesel had started to 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anything you need”,”attributes”:[]}}]}},{“type”:”listItem”,”model”:{“blocks”:[{“type”:”fragment”,”model”:{“text”:”Buy things close to their sell-by-date which will be cheaper and use your freezer”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”Read more tips here”,”blocks”:[{“type”:”urlLink”,”model”:{“text”:”Read more tips here”,”locator”:”https://www.bbc.co.uk/news/uk-61798003″,”blocks”:[{“type”:”fragment”,”model”:{“text”:”Read more tips here”,”attributes”:[]}}]}}]}}]}},{“type”:”topicList”,”model”:{“topics”:[{“title”:”Energy industry”,”url”:”/news/topics/cdl8n2edl43t”,”isEvent”:false},{“title”:”Inflation”,”url”:”/news/topics/cg56g7wq85et”,”isEvent”:false},{“title”:”UK economy”,”url”:”/news/topics/clm1wxp5378t”,”isEvent”:false},{“title”:”Office for National Statistics”,”url”:”/news/topics/cx1m7zg0w2qt”,”isEvent”:false}]}},{“type”:”links”,”model”:{“blocks”:[{“type”:”link”,”model”:{“headline”:”Why inflation is falling but prices are still 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“,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”Inflation was 8.7% in the year to April – down from 10.1% in March but above the 8.2% figure expected.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”Inflation was 8.7% in the year to April – down from 10.1% in March but above the 8.2% figure expected.”,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”However, it does not mean prices are coming down, only that they are rising less quickly. “,”blocks”:[{“type”:”fragment”,”model”:{“text”:”However, it does not mean prices are coming down, only that they are rising less quickly. “,”attributes”:[]}}]}}]}},{“type”:”text”,”model”:{“blocks”:[{“type”:”paragraph”,”model”:{“text”:”Chancellor Jeremy Hunt told the BBC the sharp fall was \”welcome\”, but admitted: \”There are things underneath those numbers which show that this battle is far from over.”,”blocks”:[{“type”:”fragment”,”model”:{“text”:”Chancellor 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