UK inflation hits 10-year high at 5.1% as cost-of-living compression tightens – business live | Business


Digging through today’s inflation data, it’s clear that prices have risen across the board over the past 12 months, although there are a few exceptions.

Food prices increased by 2.4% per year, including an increase of 5.1% for “beef and veal”, a jump of 6.9% for “lamb and goat”, an increase of 5, 7% for whole milk and an 8.9% increase in butter prices. Fruit rose 4.5%, while yogurt rose 6.7%.

Crisps are up 7.3%, while prices for ice cream and edible ice cream are up 9.1%.

But flour and other grains are down 10.3%, pizza and quiche prices are down 7.6% from a year ago, and pasta and couscous are down 5.2%. % – all commodities during the lockdown last November.

Among alcoholic products, wine rose 3.3%, including fortified wines which jumped 8.3%, while beer rose 2%.

the tobacco prices rose 6.8%, following tax increases.

Clothes prices jumped 3.8%, with baby and children’s clothing costing 4.8% more than a year ago.

Households were also faced with a 13.7% increase in the cost of materials for repairs and a 23.2% increase in energy costs after the price cap was lifted.

Home furnishings jumped 12.2%, with rugs and carpets costing 6.5% more.

Household appliances also became more expensive, with prices of refrigerators, freezers and fridge-freezers jumping 10.3%, washing machines, dryers and dishwashers up 8.3% and stoves costing 4.5% Moreover.

In transport, used car prices have climbed 27.1% (details here), new cars are up 3.6% and bicycles are 15% more expensive than a year ago.

Motorists also saw pump inflation, with diesel up 27.5% and gasoline costing 29.5% more, as prices hit record highs.

Train travel cost 4.8% more, while air travel was 14.1% more expensive, following the relaxation of travel restrictions.

Within leisure, prices for games, toys and hobbies rose 3.7%, while camping equipment cost 14.5% more than a year ago and garden products increased 12.7%.

Pets are 3% cheaper, but the products for our furry and feathered friends cost 4% more.

Going out is also more expensive – cinemas, theaters, concerts cost 13.6% more, while attending recreational and sporting events is 8.4% more expensive.

Delivered prices rose 5.5% (fiction costing 12.7% more).

Within the restoration, restaurants and cafes will cost you 4.2% more than in November 2020, while canteens are 9.4% more expensive (demand will have been lower during last year’s lockdown).

Hosting services costs rose 8.3% as hotels, hostels and campsites reopened after the lockdown earlier this year. It was led by a 17.5% price hike in resorts, campsites and youth hostels.

Hairdressing prices for women increased by 3.9%, but only 3.3% for men and children.

Jewelry prices increased by 2.7%, while repairing jewelry, clocks and watches will cost 7.5% more.

But insurance bills fell 1.9%, led by a 6.7% drop in home insurance (although health insurance was up 6.2%). And fees set by banks and post offices are down 2.4% from a year ago.


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