Threat of higher grocery prices looms as British supermarket inflation hits record of 11.6%

Supermarket inflation has reached its highest peak since 2008

As Irish supermarkets rely heavily on imports from British suppliers, Ireland's retailers are exposed to potential consequences from that inflated market.  Picture: Getty

The threat of even higher grocery and food prices in Ireland looms large, as British supermarket price inflation reached a new peak of 11.6% in the last few weeks.

Leading market research firm Kantar said that grocery price inflation in Britain hit its highest level since 2008 of 11.6% over the past four weeks, which means a household there will pay an extra £533 (€633) a year for their groceries.