Food Price Inflation Hits Record High in UK

Food prices in the United Kingdom have hit their highest record since 1980, after inflation soared by double digits last month.
Last month’s inflation figures have squeezed the living standards of millions of British households, especially those with low incomes, who are struggling with the high costs.
The British economy was hit hard by the surge in natural gas prices caused by Russia’s war against Ukraine, a pandemic-induced supply-chain crisis, a tight labor market, and a bungled attempt at economic reforms by former Prime Minister Liz Truss.
Overall store prices have risen 6.6 percent from the year-ago period, according to a study by the British Retail Consortium (BRC) and Nielsen’s Shop Price Index, on Nov. 1….