Milk price has hit the threshold mark of £1 per pint for the first time as living costs continue to soar in the country. The price of an average pint of milk was 43p this time last year.
Supermarket Sainsbury’s is now selling a pint for £1.05 in small shops while two pints cost £1.35, stated recent reports, suggesting that Brits are now paying two-and-a-half times more for milk than a year ago.
Elsewhere, the price for one pint of milk in Tesco is the same in both its bigger and smaller shops at 85p, matching with Aldi, Sunreported.
Data from the Office for National Statistics shows in July 2021 milk was 42p per pint. By May this year it had risen to 52p per pint.
Britons have been complaining about rapidly rising prices on social media as well. All supermarkets across the UK saw increases in the price of milk last month after the rising costs of feed, fertiliser and fuel meant dairy farmers were struggling to make ends meet.
Every UK supermarket last month hiked its milk costs amid pleas from dairy farmers who said spiraling supply, overheads bills and rising costs of feed, fertiliser and fuel were leaving them battling to turn a profit. Producers say the cost of producing milk is now 44p per litre, as compared to 23p a year ago.
Higher dairy prices have been one of the biggest drivers of food inflation, which now sits at 12.8 per cent, the highest on record since August 2008.
Professor Tim Lang, of City, University of London, told Times Radio the crisis in food prices is now close to the 1840s and “right up here” with the 1970s.
Figures released by the Office of National Statistics (ONS) last week showed that inflation in the country hit double digit in July, the biggest contributor to the being rapidly increasing cost of food.
Among some of the foods to have increased the most in price was bread, cereal, milk, cheese, eggs, vegetables, meat, sugar, jam, honey, syrup, chocolate and confectionary. Low-fat milk recorded the highest yearly price increase from across the food category at 34 per cent.
