Grocery industry group expects high inflation to persist into 2023 Food price inflation in the UK is expected to peak at up to 15% this summer, according to the latest report released by a grocery research body. It warned that the record-high prices would linger on for another year. In its latest report, the Institute of Grocery Distribution (IGD) said that meat, cereals, dairy, fruit and vegetables are likely to be the most affected by a wide range of factors, including warring tensions in Eastern Europe, production lockdowns in China and export bans on vital food commodities like palm oil and wheat imposed by In
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