London Daily

Focus on the big picture.
Tuesday, Jun 23, 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
Taxpayer Support Grows for Higher Digital Levies on Multinational Tech Companies
Bank of England Signals Caution Over Inflation Despite Easing Energy Prices
Lloyds Banking Group Expands Artificial Intelligence Hiring Amid Sector-Wide Automation Shift
Film Producer Corporate Collapse Leaves Creditors Facing Unrecoverable Losses
UK Ten-Year Brexit Anniversary Highlights Ongoing Political and Economic Uncertainty
Nottingham Maternity Scandal Inquiry Reveals Systemic Failings in NHS Care
Met Office Heatwave Prompts Public Health Warnings Across United Kingdom
Concerns Rise Over Fiscal Stability as Political Uncertainty Weighs on UK Borrowing Costs
UK Taxpayers Back Higher Digital Taxes on Global Technology Firms, Survey Shows
Bank of England Holds Interest Rates Steady Amid Persistent Services Inflation
Reform UK and Opposition Leaders Call for General Election Following Starmer’s Departure
Ten Years After Brexit Referendum, UK Faces Ongoing Political Fragmentation and Economic Debate
Nottingham University Hospitals Maternity Inquiry Exposes Severe NHS Failures
Met Office Issues Heat Health Alerts as United Kingdom Faces Record-Breaking Temperatures
Andy Burnham Emerges as Front-Runner for Labour Leadership After Starmer’s Resignation
Keir Starmer Resigns as UK Enters New Phase of Political Leadership Transition
UK Expands Alcohol Ban Enforcement Using Tagging Technology Ahead of World Cup
UK Invests £50 Million in Critical Minerals Supply Chain Security
UK Appoints Special Envoy on Preventing Sexual Violence in Conflict
UK Introduces Fines for Landlords of Unsafe Rental Properties
Reform UK Leads Opinion Polls as Immigration Debate Reshapes UK Politics
Police Investigate Edinburgh Attacks as Potential Hate Crimes
King Charles to Publish Personal Tax and Royal Household Financial Records
Nottingham University Hospitals Maternity Inquiry Report Set for Publication
Heat-Health Alerts Issued Across London and Southern England Amid Rising Temperatures
UK Economy Shows Pressure From Middle East Conflict Despite Modest Growth
Brexit Anniversary Reignites Debate Over UK Economic and Political Direction
UK Parliament Continues Legislative Work Amid Leadership Transition
Financial Markets Hold Steady After UK Leadership Shake-Up
Andy Burnham Enters Labour Leadership Race With Strong Parliamentary Backing
Keir Starmer Resigns as UK Prime Minister After Two Years in Office
Reform UK MP Lee Anderson to Raise Pension Concerns Over British Coal Staff Superannuation Scheme
UK Parliament to Debate Newborn Screening for Spinal Muscular Atrophy Following Public Petition
Met Office Warns of Water Safety Risks During Heatwave as Temperatures Peak in England
Treasury Increases Mileage Allowance Payments for 2026–27 Tax Year to 55 Pence Per Mile
UK Government Raises Electricity Generator Levy to 55 Percent in New Revenue Measure
House of Lords Moves Financial Services and Markets Bill to Committee Stage Amid Regulatory Scrutiny
Westminster Hall to Debate Petition on Pro-Israel Influence in UK Politics
UK Parliament Prepares for Estimates Days Debates as Backbench Business Schedule Approved
Armed Forces Bill Nears Final Stages in UK House of Commons With Military Justice Reforms
Donald Trump Comments on UK Political Situation, Citing Immigration and Energy Policy Concerns
Andy Burnham By-Election Victory Fuels Speculation Over Potential Labour Leadership Contest
UK Economy Shows Resilience but Faces Headwinds from Middle East Tensions, UK Finance Says
UK Parliament Opens Week of Debates on Net Zero, Security and Armed Forces Reform
Met Office Issues Amber Extreme Heat Warning as Temperatures Expected to Reach 35C Across England and Wales
Prime Minister Keir Starmer Faces Mounting Leadership Pressure After Makerfield By-Election Defeat
London Hotel Wins World’s Best Afternoon Tea Award at International Hospitality Guide La Liste
Court of Appeal Rules in Favour of Competition and Markets Authority in Phenytoin Drug Case
Chichester Waste Site Suspended After Environment Agency Finds Serious Fire and Pollution Risks
UK Appoints Chris Elmore as Special Envoy on Preventing Sexual Violence in Conflict
×