Second hand car prices soared by close to a third in 2021, as a shortage of semiconductors slowed the production of new models. Because of the delays, demand for second hand cars with low mileage shot up, pushing up prices to such an extent that some second hand cars were selling for more than new models.
Used Dacia Sanderos with 10,000 miles on the clock sold for almost £11,700 on average, or about £1,900 more than a new model, according to figures from data firm Cap Hpi.
Petrol prices were also higher because of a shortage of oil supplies when demand was high from global economies refiring their economies.
Petrol now costs around 146p a litre, up from 112.6p roughly a year ago; a rise of close to 30pc.
Food prices rose about 1pc on average last year. The biggest climbers were sugary items, jam and chocolate confectionery, according to the Office for National Statistics.
A Cadbury’s chocolate Freddo bar now costs 25p, more than double the 10pc it cost in 2006.
Bread is now more than twice as expensive as it was in 1990, costing £1.07 on average, up from 50p two decades ago, according to the Bank of England. A pint of milk now costs 42p, up from 20pc in 1990.
Strawberries are 85pc more expensive than they were 10 years ago, although some fruit has become cheaper.
A bunch of bananas costs around 80p today, down from £1.18 in 1990.
Alcohol and cigarettes
The cost of alcohol and tobacco rose 2.6pc last year, compared to a drop in price of 0.2pc the previous year.
Pub goers will pay in the region of £3 to £6 for a pint of beer today, compared to 99p in 1988.
Wine prices are up by a third over the past 10 years alone.