Tuesday, 3 August 2010

Food glorious food !?!?

Will this be a media frenzy....probably not, but I think there will soon be more talk of the 'double dip', which referred to something entirely different when I was growing up!

http://www.telegraph.co.uk/foodanddrink/foodanddrinknews

Food inflation 'could go beyond 10pc before next year'

The cost of food is likely to jump by up to 10 per cent before Christmas after dry weather drastically reduced the amount of winter feed that farmers could harvest, experts said.

The price of milk, cheese, chicken, beef and pork and associated products are all expected to rise because the industry has been hit by soaring animal feed prices, a shortage of silage and poor harvests.

Food inflation is closely linked to overall inflation and some in the industry have warned it could push the economy towards a "double-dip" recession.

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