British Consumers Were Hit With Fresh Misery Today As Gloomy Statistics Show Cash-strapped Families Face A £571 Jump In Annual Grocery Bills Compared To Last Year As The Cost-of-living Crunch Continues Hitting Household Budgets

British consumers were hit with fresh misery today as gloomy statistics show cash-strapped families face a £571  jump in annual grocery bills compared to last year as the cost-of-living crunch continues hitting household budgets.
Rampaging prices of food and drink saw the cost of groceries jump by more than 12% in the past month alone, healthtopical.com up from last month's record of 11.6%, research firm Kantar reported.
The rate is the highest since the company started tracking supermarket prices in this way 14 years ago and equates to a £571 annual increase in the average UK household's grocery bill, or £10.98 every week. 
Milk, butter and dog food experienced massive price increases, 31%, 25% and 29% respectively, and the average annual grocery bill will now rise from £4,610 to £5,181 if consumers fail to shop around for cheaper deals.
Other data showed shoppers are increasingly choosing supermarkets' own-brand products to drive down the cost of their weekly shop. 
It comes as Aldi's market share rose 1.2 percentage points, meaning the budget chain overtook Morrisons to become Britain's fourth largest supermarket for the first time.

 
Commenting on the news, Fraser McKevitt, head of retail and consumer insight at Kantar, said: 'It seems there's no end in sight to grocery inflation as the rate at which food and drink prices are increasing continues to accelerate.
'In what is a fiercely competitive sector, supermarkets are reacting to make sure they're seen to acknowledge the challenges consumers are facing and offer best value, in particular by expanding their own-label ranges.'
British consumers were hit with fresh misery today as gloomy statistics show cash-strapped families face a £571 jump in annual grocery bills - with milk, butter and dog food all experiencing massive price increases at 31%, 25% and 29% respectively
Rampaging prices of food and drink saw the cost of groceries jump by more than 12% in the past month alone, up from last month's record of 11.6%, research firm Kantar reported [File image]
The developments come as Aldi's market share rose 1.2 percentage points, making it Britain's fourth largest supermarket for the first time.

Pictured: An Aldi store in Liverpool
<div class="art-ins mol-factbox news halfRHS" data-version="2" id="mol-db4cef20-333c-11ed-a1c7-b134a80447ed" website inflation hits record high of 12.4% as cost-of-living bites