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UK Food Inflation Hits 2.8% Amid Rising Meat Prices

5/27/2025

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Summary

Story summary

Food inflation in the UK surged to 2.8% in May, largely fueled by soaring wholesale meat prices, especially steak. While overall shop prices dipped slightly by 0.1% compared to last year, looming increases in national insurance and packaging taxes threaten to push costs even higher. Retailers are grappling with the struggle to keep consumers engaged amidst these financial strains.

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Story summary

Food inflation in the UK surged to 2.8% in May, largely fueled by soaring wholesale meat prices, especially steak. While overall shop prices dipped slightly by 0.1% compared to last year, looming increases in national insurance and packaging taxes threaten to push costs even higher. Retailers are grappling with the struggle to keep consumers engaged amidst these financial strains.