Cost of budget pasta, bread and beef mince surges; German inflation near 50-year high– business live

Prices of budget pasta, crisps, bread and mince products have surged in last year, pushing up cost of living for poorest families

The fact that the difference between the lowest-cost version of a grocery item and the next lowest-cost version is often at least 20% highlights the importance of supermarkets offering their cheapest brands at all their stores.

In February, Asda committed to making its cheapest food ranges more widely available, after the anti-poverty campaigner Jack Monroe warned that low-income shoppers were facing price increases because they could no longer buy those budget items.

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