British grocery price inflation races to 12.4% with potential knock-on effect for Ireland

It means a British household will pay an extra £574 (€662) a year for their groceries

Ireland is particularly exposed to hikes in British food and grocery items, because supermarkets this side of the Irish Sea import huge amounts of grocery items from British suppliers and manufacturers such as Unilever.

The threat of higher grocery prices in Ireland remains after British supermarket price inflation reached a new peak of 12.4% in the last few weeks.

Leading market research firm Kantar said that grocery price inflation in Britain hit its highest level in August and means a household there will pay an extra £574 (€662) a year for their groceries.