Feb 04 2008
Prices of grocery on a high
February, 4
The inflation villain is yet again making the Scottish people restless, adding more worries to their household budgets. Firstly it was the jump in the prices of cooking gas and fuel, and this time it’s the prices of grocery which has jumped 38 percent. This food-price inflation is creating a growing problem for consumers which need to be tackled sooner or later. One of the recent research found that there are few factors which plays a vital role in the jump for these groceries, it is noticed that a sudden jump in fuel price in the global market effects the rate of these items in a long run.
Among all the grocery items the major jump is seen in the prices of eggs which are reported to be 38 percent high in past two years. Then next stand breads which jumped by 33 percent, meanwhile milk prices have surged up by 21 percent, suggest the study. If we look into the core of this issue, we can find these are one of the basic necessity items, which majority of the families consumes on a daily basis. And such a high growth in the prices of such products definately makes the consumer worried to some extent. Another shocking fact is that, if we look at the average cost of a 100-item trolley of staple products we can find it has increased from £169.65 in Jan 2006 to £183.28 last week. That clearly shows the momentum of inflation which is creeping on.
If we look back, we can find that in the past years inflation has been hitting badly on many things including power, fuel, mortgage and also the grocery. Few supermarkets have tried to put a check on this rising prices, the chain of supermarket Asda informed that it is trying to make the burden of inflation a bit light on the consumer to some extent in comparison with other supermarkets.
With such an inflationary trend, the consumers have to be prepared for few more of such jolts in the household budgets in future.