NI shop owners have said that food price inflation is currently sitting at around 20% and warned that further increases are likely to take place in the coming months
Belfast shopowners have said that food price inflation is currently sitting at around 20% and warned that further increases are likely to take place in the coming months.
This has seen everyday items such as milk, cheese, butter, bread, cooking oil, crisps and chocolate go up in price from January 2022 to 2023.Items such as butter and cooking oils have almost doubled in price over the course of the year, while others are on average 20% more expensive than the year before.
They also warned that the coming months could see prices rise even further due to the increase in the Living Wage, rates increases and a lack of support to help with rising energy costs. "With rates increasing and the new Living Wage being introduced in April it is very likely that prices will go up again then, unless we are able to get the support that is needed to help us, because it could get to a point where customers will just not be able to afford it. Energy support schemes for commercial premises are just not going far enough to meet the costs.
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