The full scale of the increase in the cost of olive oil has been revealed in this shocking new graph.

The latest rate of inflation on olive oil is put at 50.4 percent in the year to February, according to experts at Eurostat.

At the same time, the average price of a bottle on UK supermarket shelves is up from £5.41 to £7.86 – up 45 percent – according to figures collated by The Grocer using Assosia data.

The shocking increases means some brands are now more expensive than wine, forcing…