Official data showed food prices in Britain were 19.1% higher in March than a year earlier.
“High food prices are proving stubborn so we need to understand what’s driving that,” Hunt said in the statement released by the Treasury on Monday. The Treasury said Hunt also plans to meet the country’s watchdog, the Competition and Markets Authority , which last week promised to step up its work looking into grocery prices after food prices surged to a 46-year high in March.
“Food inflation disproportionately affects low-income households, who spend more of their income on food and are less able to swap what they would usually buy for cheaper alternatives,” the statement said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: