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Food prices have risen on average by almost 10% over the
last 12 months, according to a new poll.
A study by the British Retail Consortium found that food
prices have climbed by 9.5% in the last year, reports
the Daily Mail, with fresh produce seeing an above-trend
rise of 10.8%.
?Food prices are rising but retailers are keeping
increases well below the extra supply and operating
costs they face,? said BRC director general Stephen
Robertson said.
The latest study comes after The Grocer revealed that
supermarket had notched up price rises of ?3.7bn between
2005 and 2007, although costs had risen by just ?3.5bn
over the period.
And data from the Organisation for Economic Co-operation
& Development last month suggested food price inflation
stood at 9.5% in June in the UK ? compared to 7% in
Germany and Spain, 6% in the Netherlands and 5.8% in
France.
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