Chancellor to examine high prices with food manufacturers
The Chancellor met with food manufacturers on 23rd May to raise concerns about the high price of food in the UK.
McVities warns biscuit prices may rise by around 5%
The manufacturer of brands such as Hobnobs, Jaffa Cakes and Penguins has said that the increasing costs of labour, raw ingredients and staff absences could see biscuit prices soar.
Cost of living rises to 5.1% as supply chain issues affect food prices
Inflation reached a 10-year high in the 12 months to November 2021 with supply chain disruption and the price of raw materials contributing to rising food prices for consumers.
Latest UN figures report a decline in global food prices
According to a benchmark United Nations (UN) report, global food commodity prices fell in July for the second consecutive month.
BRC warns food price rises on the way
A report by the British Retail Consortium (BRC) suggested that consumers were likely to see food prices increase later this year as cost pressures and Brexit red tape hit suppliers.
