London Daily

Focus on the big picture.
Friday, Mar 20, 2026

Milk, cheese and egg costs rise at fastest pace in 45 years

Milk, cheese and egg costs rise at fastest pace in 45 years

The price of shop-bought milk, cheddar cheese and eggs has risen by an eye-watering 27.3% in the previous 12 months.

The cost of milk, cheese and eggs has risen at the fastest rate in 45 years, helping drive overall inflation to its highest level in four decades.

Earlier today it was announced there has been a higher-than-expected leap in the rate of inflation, taking it to 11.1% last month.

Increases across a range of items - including gas, electricity, food and drink - are some of the biggest drivers of inflation, while a decrease in motor fuels partially offsets the rise.

Inflation on food and non-alcoholic beverages is now estimated to be at its highest rate since prices in this area rose by 16.4% in 12 months - the highest since September 1977 when it stood at 17.6%.

Families have been hit by soaring costs of staple foods, such as milk, cheese and eggs, while there were also significant hikes across everyday items, including sugar, tomato ketchup and jam.

Collectively, the price of shop-bought milk, cheddar cheese and eggs has risen by an eye-watering 27.3% in the previous 12 months.

Within this, low-fat milk has risen by 47.9%, eggs by 42.1%, and cheese and curd by 27.1%.

The price of butter and margarine is also up by 29.7% and 42.1% respectively.

The cost of cooking oils and fats now 33% higher than they were a year ago. Most of the UK's sunflower oil comes from Ukraine and - following Russia's invasion of the country - there were supply shortages earlier this year.

The rise in the cost of groceries has been accelerated by the war, which has pushed up the cost of fertiliser and animal feed due to the impact on grain supply from the region.

Global meat and dairy prices have jumped as a result.

Of the non-alcoholic drinks, mineral water, soft drinks and juices have risen the most, with prices now 14.6% higher.

Lowest earners face highest rate of inflation

Figures show the lowest earners are facing the highest rate of inflation.

The highest earning 10% of households are experiencing inflation at 9.6%, while the lowest earners are seeing it at 12.5%.

Data in October previously found the lowest-cost groceries have become 17% more expensive in the past year - above the rate of inflation - suggest the cost of living crisis is being felt worst by poorer households.

Over the past year the budget food items with some of the highest increases were: tea which went up by 46%, chips by 39%, bread by 38% and biscuits by 34%.




Energy prices more than double

Over the past year, gas prices have climbed by nearly 130%, while electricity has risen by around 66%.

This is despite government energy support, which has sought to limit annual household gas and electricity bills to around £2,500 a year.

As of October 2022, households are paying, on average, 88.9% more for their energy than they were a year ago.

Domestic gas prices have seen the largest increase, with prices last month more than double what they were a year earlier.

Chancellor Jeremy Hunt blamed the impact of the pandemic and Vladimir Putin's war in Ukraine for the spike in prices as he warned that "tough" decisions on tax and spending would be needed in Thursday's autumn statement.

Petrol prices fall - but diesel rises


The rise in inflation was partially offset by motor fuels after average petrol prices fell on the month.

However, the price for diesel rose - taking the disparity in price between the two fuels to its highest on record.

"There was further evidence that costs facing businesses are rising more slowly, driven by crude oil and petroleum prices," said Grant Fitzner, chief economist at the Office for National Statistics (ONS).

Newsletter

Related Articles

0:00
0:00
Close
Apple issues an unusual warning: this is how your iPhone can be hacked without you doing anything
UK and Nigeria Reach Agreement to Accelerate Return of Irregular Migrants
UK Sets New Aid Priorities Following Significant Budget Reductions
Cyprus President Urges Open Dialogue Over Future of British Sovereign Base Areas
Cyprus President Urges Open Dialogue Over Future of British Sovereign Base Areas
UK Plans 50% Steel Tariffs in Bold Move to Protect Domestic Industry
Iran Conflict Sends Shockwaves Through UK Economy as Energy Costs and Trade Risks Surge
UK Health Officials Warn Kent Meningitis Outbreak Still Active as Cases Continue to Rise
UK Climate Progress Faces Scrutiny Over Reliance on Carbon Accounting Methods
UK Deploys Advisers to United States to Shape Plan for Reopening Strait of Hormuz
Amazon Bets on AI-Driven Alexa Upgrade to Revive UK Smart Speaker Market
UK Abortion Law Changes Spark Strong Response from Church Leaders and Pro-Life Advocates
UK Abortion Law Changes Spark Strong Response from Church Leaders and Pro-Life Advocates
GB News Faces Regulatory Complaints Over On-Air Remarks on ‘Genocide’ Claims
UK Signals Expanded Support for Gulf Allies as Iranian Attacks Intensify Regional Threats
UK VAT Decision Opens Path for Potential Refunds to U.S. Biopharma Firms
UK and Canada Advance ‘Middle Power’ Strategy to Shape Global Influence Beyond Superpowers
Google Explores AI Opt-Out Features in Search to Address UK Regulatory Concerns
Google Explores AI Opt-Out Features in Search to Address UK Regulatory Concerns
UK Fuel Prices Poised to Surge as Global Tensions Drive Oil Market Volatility
UK Fuel Prices Poised to Surge as Global Tensions Drive Oil Market Volatility
UK Holds Back on Hormuz Escort Mission While Continuing Talks with Allies
TrumpRx Pricing Platform Faces Scrutiny as Some Medicines Remain Costlier Than in the UK
UK, Netherlands and Finland Explore Joint Defence Investment Bank to Boost Military Capability
Deadly Meningitis Outbreak in Kent Raises Alarm as Cases Surge and Emergency Response Expands
UK Security Adviser Viewed US-Iran Nuclear Deal as Within Reach Before Sudden Escalation
UK Prime Minister Urges Continued Focus on Ukraine Amid Escalating Iran Conflict
UK Introduces New Safeguards to Shield Lenders from Bank Run Risks
UK Promotional Products Market Surpasses £1.3 Billion as Demand Strengthens in 2025
Reeves Pushes for Deeper UK-EU Economic Ties to Revive Growth
UK Security Adviser Saw No Imminent Iranian Nuclear Threat Days Before War Erupted
France Signals Warm Welcome for UK Return to EU Single Market Amid Renewed Cooperation Talks
UK Defence Official Criticises Boeing Over Delays to E-7 Wedgetail Programme
UK Urged to Secure Quantum Talent as Minister Warns Against Repeating AI Setbacks
UK Mayors Set to Gain New Spending Powers Under Reeves’ Fiscal Devolution Plan
Western Allies Urge Restraint as Israel Weighs Expanded Ground Operation in Lebanon
Trump Warns NATO Faces ‘Very Bad’ Future Without Stronger Allied Support in Iran Conflict
UK Minister Says Britain Not Bound to Support Every Demand From U.S. President
Starmer Tells Trump Britain Will Not Be Drawn Into Wider Iran War
Starmer Tells Trump Britain Will Not Be Drawn Into Wider Iran War
UK Set to Introduce Steel Tariffs of Up to 50 Percent in New Industrial Strategy
European Governments Decline Trump’s Call to Send Warships to Reopen Strait of Hormuz
Fears Over Iran Conflict Weigh on UK Consumer Confidence
Starmer Says UK Working With Allies on Hormuz Shipping Plan After Trump Raises Pressure
Iran War and Energy Shock Shake Britain’s Economy and Political Debate
Deadly Meningitis Outbreak at UK University Leaves Two Dead and Several Seriously Ill
Deadly Meningitis Outbreak at UK University Leaves Two Dead and Several Seriously Ill
King Charles and Queen Camilla Share Personal Tributes to Their Mothers on UK Mother’s Day
Prince William Honors Princess Diana with Mother’s Day Tribute
UK Economy Stalls in January as Households Cut Back on Eating Out
×