Article 38JGG UK shoppers face 'year of anxiety' over food prices as La Niña returns

UK shoppers face 'year of anxiety' over food prices as La Niña returns

by
Sarah Butler
from on (#38JGG)

Weather event could drive up costs of commodities such as coffee and cocoa as Britons face Brexit and inflation squeeze

UK consumers could be hit by a new bout of food price inflation next year after the return of the La Nina global weather phenomenon, which may hit production of key commodities including coffee and cocoa.

The UK is expected to be particularly exposed to the effect of the event, which tends to prompt dry weather in the US midwest and heavy rainfall in south-east Asia and Australia, because of the uncertainty caused by Brexit.

Related: Business Today: sign up for a morning shot of financial news

Related: Food prices would soar after no-deal Brexit, warns major dairy boss

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments