Rising food prices will be a bigger shock than energy costs, the Resolution Foundation said Rising food prices will soon overtake energy costs as the main force fueling inflation in the UK, an independent think tank warned in a report on Friday. Food makes up a far larger share of the typical household’s consumption than energy, says the Resolution Foundation, whose aim is to improve living standards for those on low to middle incomes. As grocery prices will remain at a high level while energy costs decline, this summer “food costs will have overtaken energy bills in the scale of the shock they are administering t
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