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U.K. Food Price Inflation Highest in 45 Years, as Bankers Say ‘Let ’Em Eat Cake’

British households have been hit with a record jump in food prices as decades-high inflation continues to cripple the economy, according to the latest figures from the British Retail Consortium. A report by the Consortium, which represents U.K. supermarkets, showed on May 9 that fresh food prices soared by 17.8% in April on an annual basis, while prices for canned goods and other store-cupboard items accelerated by 12.9%.

Official figures showed last month that the rate of inflation in Britain had eased slightly, but still remains above 10%, with food and drink costs at a 45-year high.

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