Economy

Irish grocery inflation tops the UK to hit record level

Prices jumped as businesses passed on rising costs, such as soaring energy bills

A shopper at a supermarket in Dublin. Picture: Rollingnews.ie

The rate of inflation in grocery stores has surged to near 15 per cent, the highest on record.

Grocery price inflation jumped to 14.7 per cent in the 12 weeks to the end of November, the highest level on record since Kantar, the market research company, began tracking the data in July 2008. This rate was also higher than in the UK, where prices rose by 14.1 per cent over the same period.

The company ...