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A stark warning has been issued for customers who go to ASDA, Tesco, Aldi, Lidl, Morrisons and Sainsbury’s.
The cost of bread could rise in weeks to come and the increases might have a knock on affect on shoppers.
The increase if because wheat prices are at their highest for nine years, as global demand sent the price of a loaf up by 26.7 per cent over the last 365 days.
It comes as other costs continue to increase including fuel for transport and gas used in baking ovens, reports the Manchester Evening News.
Experts have said some of the inflates costs will be absorbed by retailers but noted that higher price tags on supermarket shelves are ‘unavoidable’.
Globally, food prices are now at their highest in ten years, with good such as pasta seeing rises in their prices already.
Other foods will also be affected, Lancaster Live reports.
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The wheat used to feed animals has also seen increases, though not by as much, currently running at around 16.2 per cent more than a year ago, reported trade journal The Grocer.
A combination of factors from rising fuel costs, the lorry driver shortage and higher wages to battle the recruitment crisis are also contributing to the soaring price of many grocery staples.
Alice Jones, analyst with agricultural body, AHDB, said: “Global wheat prices keep climbing each week on the back of supply concerns, and UK prices are following global trends.”
She added: “As long as global prices keep rising there is scope for domestic prices to keep rising.”
In a recent review of global food market, the UN’s Food and Agriculture Organisation reported a ‘recent surge in agricultural input prices” adding: “Higher prices of these inputs will inevitably translate into higher production costs, and eventually into higher food prices.”
Gordon Polson, CEO of Britain’s Federation of Bakers, told The Grocer: “Energy pricing is also on the rise, while HGV driver shortages and recruitment are resulting in increased wage rates.”
And Allied Bakeries, which owns Kingsmill, said the industry was “exposed to inflationary pressure in relation to the cost of flour, as well as the gas we use in our ovens and fuel for our delivery fleet.”
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