Soaring costs for basic essentials have led to a decline in living standards in the country British households have been hit with a record jump in food prices as decades-high inflation continues to cripple the economy, according to the latest figures from the British Retail Consortium (BRC). A report by the trade body, which represents UK supermarkets, showed on Tuesday that fresh food prices soared by 17.8% in April on an annual basis, while prices for tinned goods and other store-cupboard items accelerated by 12.9%. According to the BRC-NielsenIQ shop price index, prices were up 8.8% last month compared to the s
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