Food prices expected to climb by 5% due to this year's extreme weather

The Centre for Economics and Business Research (CEBR) is predicting that the weather will end up costing UK consumers £45 million per week which equates to a rise of £7.15 per month per household. When forecasting the price uplifts, CEBR used Department for Environment, Food & Rural Affairs research into the sensitivity of consumer prices to wholesale price shocks,

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CEBR said…