Apr 25, 2022

Morrisons cuts prices of 500 items as inflation soars

The cost of living is rising at its fastest rate in 30 years in part due to soaring food prices. Last month, Asda promised to offer a wider range of low-cost goods in its stores after being criticised by food poverty campaigner and chef Jack Monroe. Ms Monroe said the supermarket was taking cheaper products off shelves in some shops at a time when many people were struggling with the cost of living. In March, one food boss told the BBC food price inflation could rise as a high as 15% this year as a result of the war in Ukraine. Ronald Kers, the boss of food firm 2 Sisters, blamed the rising prices of wheat and natural gas, which is used to heat greenhouses and to make fertiliser.

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