Falling petrol prices and the soaring cost of milk mean there are real fears our staple drink will soon cost more than filling our car's tank. It's happened before - in the late 1980s - when a glut of oil led to its price collapsing, reports the Daily Mail. At the time, most Brits had milk delivered to the doorstep, meaning prices were relatively higher as they included delivery.
Milk prices have soared by two-thirds in the past year, pushing up the average price per pint to 86p - the equivalent of £1.50 a litre. Smaller branches of the bigger retailers are selling single pints for as much as £1.05, a fraction under £1.85 a litre.
National Farming Union President Minette Batters said: "Costs are rising rapidly on farms across the country." By contrast, petrol prices have fallen from a high of 191p a litre to around 149p at the pump in some areas.
British magazine The Grocer said: "Dairy is at the sharp end of food and drink price increases, with milk leading the charge. The average price of semi-skimmed milk has seen a market change since July and at an average 86p has increased 65% year on year."
It is cheaper to buy milk in bigger quantities, but it may not be practical for those living alone, the elderly and those who do not use a lot of milk as the product can go off if bought in bulk.
Meanwhile, fuel prices will remain higher than normal for as long as the war in Ukraine hits supplies. The AA said: "There is hope that prices will continue to fall by as much as 15p per litre as rising interest rates and the threat of global recession creates a decline in demand which should, in turn, enable the oil supply to stabilise."
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