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2762 Search results for food inflation

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  • Wine prices could go up by more than 29p a bottle due to Brexit

    October 18, 2016

    Wine from the EU could increase by an average of 29p per bottle as a direct result of Brexit, drinkers have been warned. The latest statistics from the Wine and Spirit Trade Association show that an average bottle coming from within the EU could go up by 29p, and those from outside the EU could go [...]

  • Inflation surges to two-year high as economists warn of huge price hikes

    October 18, 2016

    Prices are rising at their fastest pace in nearly two years as sterling's dramatic post-referendum demise looks set to bite consumers over the coming months. Inflation came in at one per cent in September on the consumer prices index (CPI), the Office for National Statistics (ONS) declared this morning – a big leap from the 0.6 per [...]

  • Government’s Brexit dance is maiming the pound

    October 18, 2016

    Inflation is coming to eat the pound in your pocket. Today, data for September is expected to show that prices in the UK rose by an annual 0.9 per cent rate, up from 0.6 per cent in August, driven by energy and food prices. However, the full impact of the recent plunge in sterling will [...]

  • Nick Clegg attacked for claiming Brexit will cause food prices to rise

    October 18, 2016

    Nick Clegg faced a furious backlash yesterday evening as he was rounded on for claiming food prices would jump after the UK leaves the EU. As a new report reveals the creeping cost of the EU customs union and inflation figures due this morning are set to show price rises running at their highest level [...]

  • Eyes on Draghi as Eurozone inflation hits two year high

    October 17, 2016

    Inflation across the Eurozone hit a two-year high in September in more good news for Mario Draghi in his war with stagnant prices and sclerotic growth. Prices rose by 0.4 per cent over the 12 months to September, Eurostat said this morning, as measured on the consumer prices index (CPI). That was in line with [...]

  • Sterling hit its lowest level on record last night

    October 12, 2016

    The pound fell to its lowest ever level during yesterday afternoon's brutal sell-off as the currency remains under intense pressure. Sterling, which has been suffering at the hands of nervy traders keeping both eyes on every utterance from Prime Minister Theresa May, hit its weakest mark on the Bank of England's "effective exchange rate index" [...]

  • Consumer confidence hits pre-referendum levels, but could inflation knock the UK economy off course?

    September 29, 2016

    Brits are feeling just as optimistic about the state of the UK economy as they were before the referendum, a leading indicator has revealed. GfK’s consumer confidence barometer, out today, has bounced back to levels last seen in May and June, before the UK’s historic vote to leave the EU sent the index crashing at [...]

  • US economy set to feast out on super-size food exports

    September 29, 2016

    The US economy is set to come roaring back to life in the second half of the year on the back of a bumper summer food harvest. Figures out this afternoon showed the world's largest economy grew by 1.4 per cent on an annualised basis in the second quarter of the year – a slight upwards [...]

  • Consumer spending eases back after summer splurge

    September 27, 2016

    UK shoppers cut back in September following a summer splurge, though it has not dented the confidence of retailers, a new survey has found. The CBI’s distributive trades survey found 38 per cent of shops said sales volumes were down on September last year, while 30 per cent reported growth. The score of minus eight [...]

  • Supermarket sales continue to edge upwards in the months following the Brexit vote

    September 20, 2016

    Supermarket sales continued to edge upwards this month, increasing by 0.3 per cent for the three months ending 11 September. The growth was against a backdrop of price deflation of 1.1 per cent. Fraser McKevitt, head of retail and consumer insight at Kantar Worldpanel, said: “While overall sales growth has been slow, consumers have been keen [...]

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