Food manufacturers are paying 6% more for their raw ingredients than a year ago - the highest annual rate since 1993 - according to the Office for National Statistics.

The figure, released yesterday, comes as food manufacturers continue to pass rising commodity costs onto consumers. This week, The Grocer reported the price of a loaf of bread had increased for the third time in a year to £1.12.

“I've never seen food inflation like it,” Andrew Saunders, an analyst at Panmure Gordon told the Daily Telegraph. “What we're seeing is pretty much all the manufacturing cost increases being off-loaded straight to the retailers, who in turn are passing it immediately on to the consumer. Shoppers are picking up the tab across the board.”