On Tuesday, market researcher Kantar released new data which showed that in the UK, food inflation skyrocketed to a new high of 16.7% over the four weeks of January, with even the most basic food items such as milk, butter, cheese, eggs, and dog food seeing their prices soar.

Grocery price growth was the highest the firm had ever recorded since it began recording the figures in 2008. Combined, the price hikes would add an average of almost £800 ($1,000) to a typical yearly shopping budget, as it would force households to change their shopping habits to conserve money.

Kantar’s head of retail and consumer insight, Fraser McKevitt said, “Late last year, we saw the rate of grocery price inflation dip slightly, but that small sign of relief for consumers has been short-lived,”  adding that the present reading surged a “staggering” 2.3% from December’s 14.4%.

According to Kantar, the latest price surge will increase an annual food shopping budget to £5,504 ($6,781), an increase of £788 ($974).

The new research is revealed just as Britons are seeing their pocketbooks squeezed even tighter in the face of the ever-worsening cost of living crisis. Even as overall inflation has begun to ease from its highest levels in over forty years, and energy prices have begun to come down from their record levels, food prices continue to increase.