In Britain, the annual household grocery bill has risen by £454, according to the latest report by Kantar Worldpanel, which monitors consumer and retail attitudes. 

The report indicates that there is no slowdown in price growth, with supply chain issues continuing to be accompanied by high energy and fuel prices.

Inflation at the beginning of July is reported to have remained at 9.9%. 

Kantar Worldpanel boss Fraser McEvitt was quoted by Sky News as saying that food prices continued to break records and jumped another 1.6% in the past month. 

He predicts even higher inflation in the food sector next month.

The latest report shows that the biggest price increases in supermarkets are for dog food, butter and milk.

There has been a sharp increase in the number of people visiting budget supermarkets such as Aldi and Lidl. 

At the same time, national statistics show that UK pay is falling at the fastest rate since 2001, taking into account rising prices. 

Between March and May, pay, including bonuses, was 2.8% lower than a year ago, adjusted for inflation, the sharpest drop since the statistics were kept. 

Household budgets have been hit hard by ever-rising food prices, fuel and energy bills amid the highest inflation in 40 years.

Meanwhile, vacant jobs continue to increase, albeit at a slower pace, BNR adds.