British grocery inflation hit 17.1% in the four weeks to Feb. 19, another record high, dealing the latest blow to consumers struggling with a cost-of-living crisis, industry data showed on Tuesday.

Market researcher Kantar said prices are rising fastest in markets such as milk, eggs and margarine.

It said UK households now face an additional 811 pounds ($978) on their annual shopping bills if they don't change their behaviour to cut costs.

"This February marks a full year since monthly grocery inflation climbed above 4%. This is having a big impact on people’s lives," Fraser McKevitt, head of retail and consumer insight at Kantar, said.

German-owned discounters Aldi and Lidl were again the fastest growing grocers, partly due to new store openings, with sales up 26.7% and 25.4%, respectively.

https://www.reuters.com/business/retail-consumer/uk-grocery-price-inflation-hits-record-171-2023-02-28/

Monopolies still on fast rise.