Inflation and Brexit-hit pound reflected in annual survey, which found Lidl cheapest supermarket at £25.53 for eight peopleThe UK’s cheapest supermarket Christmas dinner will cost 18% more than it did last year, as the impact of inflation and Brexit-related commodity costs makes its way to the festive family table. Show Hide Inflation is when prices rise. If inflation is 10%, then a £50 pair of shoes will cost £55 in a year's time and £60.50 a year after that. “There’s been a significant rise in food prices across the board over the last year as a result of the weakening of the pound following the Brexit vote. Due to intense competition between supermarkets in the UK, the cost of food had been falling for much of 2015 and 2016.

Source: The Guardian November 28, 2017 06:00 UTC