Food prices rise at fastest rate for 45 years
Business / Wed 19th Apr 2023 at 07:47am
SOARING prices for bread, cereal and chocolate meant the cost of living rose more than expected last month reports the BBC.
Inflation, which measures the rate of price rises, fell to 10.1% in the year to March from 10.4% in February.
It was widely expected to fall below 10%, but food prices remained stubbornly high, rising at their fastest rate in 45 years.
Falling inflation doesn’t mean prices are falling, but just that the rate of price rises is slowing.
Click below for the full story.
https://www.bbc.co.uk/news/business-65312127
David Forman
2023-04-19 08:37:05
When a Conservative Chancellor says "we have a plan", I know he is talking nonsense. The Ukraine was for many decades described as the "breadbasket of Europe." The BBC report highlights soaring prices on bread and cereals. That is not going to change anytime soon while the war in Ukraine continues. So Jeremy Hunt has a cunning plan like Baldrick.
David Forman
2023-04-19 08:41:38
When a Conservative Chancellor says "we have a plan", I know he is talking nonsense. The Ukraine was for many decades described as the "breadbasket of Europe." The BBC report highlights soaring prices on bread and cereals. That is not going to change anytime soon while the war in Ukraine continues. So Jeremy Hunt has a cunning plan like Baldrick.
Adam Taylor
2023-04-19 10:12:06
Thanks to all those who supported and championed lockdown and the printing of hundred of billions of pounds. I hope you are all proud of yourselves Robert Halfon, Harlow Council, Harlow Tories, Harlow Labour, The NHS and of course yourharlow.
Слава Україні
2023-04-20 11:50:13
Ukraine.... never "The" Ukraine. Just as you wouldn't say The Italy. Also, Tesco profit results 2022/23 are expected to be between £130m and £160m. I am sure they will use some of those profits to help ease the pain of these ridiculous prices? /s People over Profits....
David Forman
2023-04-20 19:20:51
Cnaba, thanks for correcting me on "The Ukraine". However, Tesco profits halved to £1bn for the year ending 25 February 2023. See Unite the union's response which highlights "rampant profiteering" and UK supermarkets increasing profit margins by 89 percent since 2019. https ://www.unitetheunion.org/news-events/news/2023/april/tesco-accused-of-rampant-profiteering-as-obscene-profits-published/
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