UK Food Inflation Is Out Of Control ...Middle East

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UK Food Inflation Is Out Of Control
source : OILPRICE ( Middle East ) () 40
Food inflation has reached its highest level on record, with the sector predicting no stall in price increases throughout the year.  Figures published in the British Retail Consortium’s (BRC) shop price index show food inflation rose to 13.8 percent in January, up from 13.3 percent in December. This rise has pushed it above the three-month average rate of 13.2 percent. The BRC also reported a rise in costs of ambient food, such as canned vegetables and soups, which rose to 11.3 percent in January, up from 11.0 percent in December. …

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