(UK)Food prices to rise by at least five per cent

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(UK)Food prices to rise by at least five per cent

Post  kelee877 on Mon Aug 27, 2018 5:42 am

Food prices to rise by at least five per cent after the Beast from the East and the baking hot summer played havoc with farming yields

Weather extremes blamed for slump in growth across the UK economy

Price of British staples rocketed up to 80% following Beast from the East

Extreme weather set to increase household food bills by £7.15 a month

British consumers are set to face a long winter this year, as food prices are expected to skyrocket following a year of extreme weather conditions.

Economists have warned that food prices could go up by at least 5 per cent as a result of the heatwave and the Beast from the East.

Extended spells of frigid and baking weather seen over the last year will likely increase household food bills by an estimated £7.15 a month, the Centre for Economics and Business Research (Cebr) says.

The group said this is due to the unpredictable weather having put ‘particular stress on farming costs and yields’. Which in turn has caused the prices of some staples to increase by up to 80 per cent.

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