GRA­HAM HISCOTT Brexit’s a blow in the stom­ach Christ­mas meal ‘will cost more this year’

Daily Mirror (Northern Ireland) - - FINANCE -

THE av­er­age fam­ily faces shelling out an ex­tra £143 for gro­ceries over the next year, ex­perts claim.

Nu mb e r c r u n c h e r s K a n t a r World­panel say prices have risen 3.4% in the past 12 months – the sharpest gain since Novem­ber 2013 – push­ing up the cost of a typ­i­cal shop by 62p to £18.26.

Data from the Of­fice for Na­tional Statis­tics sug­gests prices are ris­ing even faster now, at 4.2% for food alone.

The jump has been fu­elled by the weak pound since last year’s Brexit vote, driv­ing up im­port costs.

The ONS data showed bread and ce­re­als have risen 4.3% in the past year ; milk, eggs and cheese by 4.8%; veg­eta­bles by 5.7% and fish by 8.5%.

Th e Br iti sh Re t a i l C ons or tium’s R a ch el Lund said: “It may be an e x p e n siv e C h r i st mas din­ner this year as more costly im­ports and higher world food prices, par­tic­u­larly for dairy prod­ucts, pushed food price in­fla­tion over 4% year on year in Oc­to­ber.”

A wider mea­sure of in­fla­tion us­ing the Con­sumer Price In­dex re­mained at 3% last month as fuel prices fell. CPI was lower than the pre­dicted 3.1%, but well above the Bank of Eng­land’s 2% tar­get. The Re­tail Price In­dex, which in­cludes hous­ing costs, hit 4%. Frances O’grady, TUC gen­eral sec­re­tary, said: “The Gov­ern­ment must stop turn­ing a blind eye to Bri­tain’s cost of liv­ing cri­sis.”

Think tank the Res­o­lu­tion Foun­da­tion said: “The ris­ing cost of ba­sic items af­fects low and mid­dle in­come house­holds far more than bet­ter-off house­holds.”

Peter Dowd MP, Labour’s Chief Sec­re­tary to the Trea­sury, said: “The Tories’ failed eco­nomic pol­icy means work­ing peo­ple are los­ing out, with wages lag­ging be­hind prices.”

COURA­GEOUS Moin You­nis is kissed by Ni­cole Scherzinger ITV is sched­ul­ing an ad­ver­tis­ing re­cov­ery over the next two months.

The broad­caster, which screened the Daily Mir­ror’s Pride of Bri­tain Awards where Moin You­nis was named Teenager of Courage, saw sales dip 1% to £2.1bil­lion in the nine months to Septem­ber 30.

ITV suf­fered from su­per­mar­kets and gro­cery goods firms such as Reckitt Benckiser cut­ting back their spend­ing.

But ex­ec­u­tive chair­man

Sir Peter Bazal­gette said they were on their way back, with ad­ver­tis­ing sales ex­pected to be up 2% in Novem­ber and 1% in De­cem­ber.

De­liv­eroo yes­ter­day won vic­tory in a le­gal bat­tle over how its driv­ers are em­ployed. The

Cen­tral Ar­bi­tra­tion Com­mit­tee, which over­sees reg­u­la­tion of labour laws, ruled the food de­liv­ery app’s couri­ers were self­em­ployed. It dis­missed a claim from the In­de­pen­dent Work­ers Union of Great Bri­tain that they should be classed as work­ers. The rul­ing could have im­pli­ca­tions for other “gig econ­omy” firms.

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