Socialist Worker

Food and water prices up again

Issue No. 2114

Workers are facing even more devastating price rises on essential foodstuffs, according to figures out this month.

A report by mysupermarket.co.uk, which tracks prices at the major supermarkets, has calculated that the average household grocery bill has shot up by £27 a week in the last year.

This means that families will have to find an extra £1,404 a year just to pay for basic shopping.

The report found that the cost of a 1kg pack of basmati rice has risen from 90p to £1.89 in just 12 months.

In the same period the price of a one litre bottle of corn oil almost trebled from 49p to £1.38 and a white loaf of bread rose from 48p to 72p.

These rises follow the recent huge hikes in energy bills.

Several water companies also announced last week that they plan to put up water bills by up to 22 percent over five years from 2010 – which would mean households facing yearly increases of more than £100.

Water bills have almost trebled since privatisation in 1989.

The companies say they need to put up bills to fund maintenance of the service. But they all reported profits of between £130 million and £457 million in the last financial year.


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News
Tue 12 Aug 2008, 19:15 BST
Issue No. 2114
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