Household grocery bills could rise by £180

The ongoing cost of living squeeze in the UK means that households could end up spending £180 more on their grocery shopping this year, a new report suggests.

Figures from data, insights and consulting company Kantar show that four-week grocery price inflation was 3.8% in January, up from 3.5% in December.

Taken over the course of a 12-month period, this rise in prices could add an extra £180 to the average household’s annual grocery bill.

Consumers are likely to shop around for cheaper products and promotions to help make their money go further, said Fraser McKevitt, head of retail and consumer insight at Kantar.

“Supermarkets that can offer the best value stand to win the biggest slice of spend,” he added.

A separate report from the Office for National Statistics (ONS) shows that two-thirds of people surveyed in January said their cost of living had risen in December.

Of these, 87% said the price of their food shop had increased and 79% said that gas and electricity prices were a factor.

Consumer price inflation has risen to a 30-year high, at 5.4%, and is predicted by the Bank of England to reach about 6% by April.