Food inflation has hit its highest rate on record, with shoppers now paying 10.6% more than they were a year ago, new figures have revealed.
Ambient food inflation also reached a record 8.6%, up from 7.8% last month - the record fastest rate of increase for the category.
Inflation not related to food rose from 2.9% last month to 3.3% - this was largely driven by heavier hardware, DIY and gardening products that have been hit by rising transport costs. Though the summer's scorching temperatures hit harvests hard, some products benefitted from the hot weather."And, with business rates set to jump by 10% next April, squeezed retailers face an additional £800 million in unaffordable tax rises.
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