London Daily

Focus on the big picture.
Wednesday, Jan 28, 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
Wall Street Bets on Strong US Growth and Currency Moves as Dollar Slips After Trump Comments
UK Prime Minister Traveled to China Using Temporary Phones and Laptops to Limit Espionage Risks
Google’s $68 Million Voice Assistant Settlement Exposes Incentives That Reward Over-Collection
Kim Kardashian Admits Faking Paparazzi Visit to Britney Spears for Fame in Early 2000s
UPS to Cut 30,000 More Jobs by 2026 Amid Shift to High-Margin Deliveries
France Plans to Replace Teams and Zoom Across Government With Homegrown Visio by 2027
Trump Removes Minneapolis Deportation Operation Commander After Fatal Shooting of Protester
Iran’s Elite Wealth Abroad and Sanctions Leakage: How Offshore Luxury Sustains Regime Resilience
U.S. Central Command Announces Regional Air Exercise as Iran Unveils Drone Carrier Footage
Four Arrested in Andhra Pradesh Over Alleged HIV-Contaminated Injection Attack on Doctor
Hot Drinks, Hidden Particles: How Disposable Cups Quietly Increase Microplastic Exposure
UK Banks Pledge £11 Billion Lending Package to Help Firms Expand Overseas
Suella Braverman Defects to Reform UK, Accusing Conservatives of Betrayal on Core Policies
Melania Trump Documentary Sees Limited Box Office Traction in UK Cinemas
Meta and EssilorLuxottica Ray-Ban Smart Glasses and the Non-Consensual Public Recording Economy
WhatsApp Develops New Meta AI Features to Enhance User Control
Germany Considers Gold Reserves Amidst Rising Tensions with the U.S.
Michael Schumacher Shows Significant Improvement in Health Status
Greenland’s NATO Stress Test: Coercion, Credibility, and the New Arctic Bargaining Game
Diego Garcia and the Chagos Dispute: When Decolonization Collides With Alliance Power
Trump Claims “Total” U.S. Access to Greenland as NATO Weighs Arctic Basing Rights and Deterrence
Air France and KLM Suspend Multiple Middle East Routes as Regional Tensions Disrupt Aviation
U.S. winter storm triggers 13,000-plus flight cancellations and 160,000 power outages
Poland delays euro adoption as Domański cites $1tn economy and zloty advantage
White House: Trump warns Canada of 100% tariff if Carney finalizes China trade deal
PLA opens CMC probe of Zhang Youxia, Liu Zhenli over Xi authority and discipline violations
ICE and DHS immigration raids in Minneapolis: the use-of-force accountability crisis in mass deportation enforcement
UK’s Starmer and Trump Agree on Urgent Need to Bolster Arctic Security
Starmer Breaks Diplomatic Restraint With Firm Rebuke of Trump, Seizing Chance to Advocate for Europe
UK Finance Minister Reeves to Join Starmer on China Visit to Bolster Trade and Economic Ties
Prince Harry Says Sacrifices of NATO Forces in Afghanistan Deserve ‘Respect’ After Trump Remarks
Barron Trump Emerges as Key Remote Witness in UK Assault and Rape Trial
Nigel Farage Attended Davos 2026 Using HP Trust Delegate Pass Linked to Sasan Ghandehari
Gold Jumps More Than 8% in a Week as the Dollar Slides Amid Greenland Tariff Dispute
BlackRock Executive Rick Rieder Emerges as Leading Contender to Succeed Jerome Powell as Fed Chair
Boston Dynamics Atlas humanoid robot and LG CLOiD home robot: the platform lock-in fight to control Physical AI
United States under President Donald Trump completes withdrawal from the World Health Organization: health sovereignty versus global outbreak early-warning access
FBI and U.S. prosecutors vs Ryan Wedding’s transnational cocaine-smuggling network: the fight over witness-killing and cross-border enforcement
Trump Administration’s Iran Military Buildup and Sanctions Campaign Puts Deterrence Credibility on the Line
Apple and OpenAI Chase Screenless AI Wearables as the Post-iPhone Interface Battle Heats Up
Tech Brief: AI Compute, Chips, and Platform Power Moves Driving Today’s Market Narrative
NATO’s Stress Test Under Trump: Alliance Credibility, Burden-Sharing, and the Fight Over Strategic Territory
OpenAI’s Money Problem: Explosive Growth, Even Faster Costs, and a Race to Stay Ahead
Trump Reverses Course and Criticises UK-Mauritius Chagos Islands Agreement
Elizabeth Hurley Tells UK Court of ‘Brutal’ Invasion of Privacy in Phone Hacking Case
UK Bond Yields Climb as Report Fuels Speculation Over Andy Burnham’s Return to Parliament
America’s Venezuela Oil Grip Meets China’s Demand: Market Power, Legal Shockwaves, and the New Rules of Energy Leverage
TikTok’s U.S. Escape Plan: National Security Firewall or Political Theater With a Price Tag?
Trump’s Board of Peace: Breakthrough Diplomacy or a Hostile Takeover of Global Order?
Trump’s Board of Peace: Breakthrough Diplomacy or a Hostile Takeover of Global Order?
×