Shoppers have been warned to expect more food price rises
following further evidence that the cost of putting a meal on the table is
rising faster than incomes.
Annual food price inflation was running at 3.1 per cent in
August – almost double the average 1.6 per cent increase in incomes.
The figures are published today by the British Retail
Consortium, which warns that a drought in the US and other key farm export
countries will bring new price rises.
British fruit and root crop farmers have also been hit by
the wettest summer in 100 years which has reduced yields and pushed up
wholesale prices. (Read further: Source)
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