After the Marmitegate fiasco and Morrisons increasing the price by 12%, we now have news of other multi-nationals wanting to raise prices by 10% (HERE). Walkers Crisps and Birds Eye Foods are both pressing for big price increases citing increased costs of raw materials brought in from abroad.
These increases will impact inflation sooner or later and CPI is expected to reach 4% next year according to BoE forecasts.
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