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Comment: Food Inflation Figures

The Tories have nothing to celebrate with latest food inflation figures and must do more to meaningfully tackle household cost concerns, the SNP has said.

It comes as the latest research shows food inflation has eased to its lowest level of the year, but remains at the sixth highest level since the 2008 financial crash at 16.5%.

The findings from Kantar found that of consumers’ top five financial worries, rising grocery prices is the only one that they are more concerned about now than at the start of the year.

Almost 70% of households said they were either “extremely” or “very worried” about food and drink inflation, compared with just over two-thirds in January.

Commenting, the SNP’s Economy spokesperson, Stewart Hosie MP said:

“The Tories have nothing to celebrate with these figures which may show the slightest bit of easing, but will still dominate the financial fears of a majority of households.

“With prices still at near record levels and households plunged deeper into financial distress it’s clear the UK government has failed to meaningfully tackle rising food inflation.

“The failed economic policies of the Tories, and their Brexit the Labour party have been happy to support, have driven up costs and priced ordinary people out of basic food items at the same time they’re seeing their mortgage rates, rent, and energy bills soar.

“The Westminster status quo is failing, and only the SNP is offering a real alternative with the full powers of independence, where we can set about creating economic prosperity that works for everyone.”


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