Milk now costs more than petrol at several supermarkets

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It puts inflation into context

Shoppers are witnessing first-hand the impact of inflation on prices for several basic items. According to some reports the soaring price of milk means that the price of this, often essential, purchase has outpaced forecourt fuel costs at some supermarkets.

Other media have also noted the rises with The Telegraph pointing out that a one pint bottle of semi-skimmed milk bought today costs 95p at branches of the Co-op, up by 40p compared to a year ago. That is equivalent to £1.67 per litre, more than the £1.66 charged on average at forecourts for a litre of unleaded petrol.Trolley.co.uk’s grocery price index shows that Sainsbury’s is also reportedly charging £1.05 for a pint of milk – or £1.

The last time milk cost more than filling our car's tank was in the 1980s when a glut of oil led to its price collapsing, reports the Daily Mail, and at the time most Brits had milk delivered to the doorstep, meaning prices were relatively higher as they included delivery

 

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