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Which groceries have risen most in price, as food inflation remains in double-digits?

Food inflation may be falling, but shoppers will be yet to feel the difference in their pockets as prices on the whole keep rising.

London, UK. August 17, 2023. The price of food rose by 14.9% in the year to July 2023, according to the latest Consumer Prices Index.
Food inflation is coming down, but is still far outstripping wage growth. (Alamy)

UK food inflation has been slowing down month-on-month, but it still remains stubbornly high with shoppers yet to feel a substantial difference.

British Retail Consortium (BRC) data suggests it dropped to 11.5% in August from 13.1% in July and 17.4% in June, suggesting there is some light at the end of the tunnel.

While consumer price index (CPI) inflation sits at 6.8% - far higher than the Bank of England's 2% target, chancellor Jeremy Hunt has said Britons could expect it to fall to around 5% after a "blip" in September.

This may all sound encouraging, but falling inflation doesn't mean that prices are falling yet, it just means they aren't increasing at such a fast rate.

Furthermore, with annual growth in average total pay only reaching 8.2% from April to June, according to the Office for National Statistics (ONS), shoppers are still being hit especially hard at supermarkets.

Here, Yahoo News UK takes a look at which staple groceries are still remaining stubbornly high and which supermarkets are proving the priciest.

Which UK groceries have gone up the most?

Light olive oil has seen the sharpest increase in prices over the past year, up by 33.3% to an average of £5.52 per bottle, according to Trolley.co.uk's Grocery Price Index.

Rice pudding has gone up by 33% (to £1.53), compared to 28.2% for past bake sauces (to £2.32) and 25.6% for gravy granules (£2.50).

Among some of the more popular staple supermarket items, eggs have seen an annual increase of 17.3% to an average of £2.65 per pack, compared to 17.2% for baked beans (£1.98), 7.2% for toilet rolls (£5.83), and 5.9% for milk (£1.80).

Read more: Chancellor Jeremy Hunt confident 'inflation is coming down' and on track to be halved this year

https://www.trolley.co.uk/grocery-price-index/
Light olive oil has seen the sharpest price increase over the past year. (Trolley.co.uk)

Which supermarket products have fallen in price?

Some items, although not nearly as many, have actually dropped in price over the year to August, according to the price index, or have remained the same.

There has been a 0% change for facial wipes, facial moisturisers, and car air freshener, although it's important to remember that UK CPI inflation was 9.9% in August 2022, before peaking at 11.1% in October.

Food bags have seen the biggest annual decrease of 7.7%, averaging at £3.74, compared to water bottles at 6.2% (£7.45), and bathroom cleaner at 5.5% (£1.90).

Read more: UK business confidence at 18-month high despite inflation and cost of living crisis

https://www.trolley.co.uk/grocery-price-index/
Some items including vegan chocolate and condoms have actually been falling in price, though not by much. (Trolley.co.uk)

Which UK supermarkets have the highest prices?

Out of the nine major supermarket brands on Trolley.co.uk's list, delivery service Ocado is the most expensive on average.

It saw a modest increase of 1.7% over the year to August, but the average price among its 23,024 products sat at £14.68.

Tesco saw a 4.3% rise in prices, averaging at £11.33, while Sainsbury's rose by 6.1% to £9.58. Waitrose, known as a higher-end option, saw a smaller cost increase of 2%, but prices remained higher than many competitors at £13.48.

Read more: Where you can park your money to earn the best interest rates

https://www.trolley.co.uk/grocery-price-index/
We still have some way to go before returning to pre-cost of living crisis levels. (Trolley.co.uk)

Iceland may be known as a budget option, but it saw price rises of 4% over the year, with average costs sitting not far behind Waitrose at £12.57.

Morrisons saw average prices rise by 5.2% to £10.14, compared to 4.7% for Coop (£9.56) and 3.5% for Asda (£9.72).

When it comes to keeping prices down, Aldi was by far in the lead, having seen only a 0.6% increase, with its average price rising from £6.52 to £6.56.

Watch: Chancellor Jeremy Hunt says inflation is on track to be halved this year