Rising food prices a priority concern for UK – Bloomberg   ...News

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Rising food prices a priority concern for UK – Bloomberg  
Grocery inflation surged above 19% in March, according to data from the Bank of England  Rising grocery prices in the UK have replaced energy as the main inflationary concern for the Bank of England (BoE), Bloomberg reported on Thursday, after the bank made a 12th consecutive hike to the base interest rate.    Although energy prices have slightly declined, British families are facing a tight squeeze on their finances due to double-digit inflation. Low- and middle-income families are being hit the hardest, given that they spend the bulk of their income on essentials and are now seeing a dramatic increase in their s

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