- Prison Planet.com - http://www.prisonplanet.com -
Food prices rise at the fastest rate on record
Posted By admin On September 8, 2008 @ 12:49 pm In Money Watch | Comments Disabled
London Telegraph 
Monday, Sept 8, 2008
Food prices are rising at the highest level since records began, according to the latest official statistics.
Factory gate prices, the amount manufacturers charge buyers such as supermarkets, increased by 11.4pc last month compared to the year before.
It is a rise that is likely to be passed on to consumers. In July, prices were 10.8 per cent up on the year before. Experts warn that while overall inflation looks to be easing, food prices are likely to remain high for some time to come.
(Article continues below)
The Office of National Statistics said factory food inflation, measured in the Producer Prices Index, was running at the highest level since it started monitoring prices in 1986.
It added that meat, yoghurt and bread prices continued to rise between July and August. The figures come as leading food executives and scientists warned that families faced paying high prices for their weekly shop for “at least 10 years”, as increasing number of mouths to feed around the world.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/food-prices-rise-at-the-fastest-rate-on-record.html
URLs in this post:
 London Telegraph: http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/09/08/bcnfood108.xml
 World Food Prices Rise to Record on Sugar, Meat Costs: http://www.prisonplanet.com/world-food-prices-rise-to-record-on-sugar-meat-costs.html
 Global food prices hit new record high: http://www.prisonplanet.com/global-food-prices-hit-new-record-high.html
 Food prices to rise globally as energy prices edge higher: http://www.prisonplanet.com/food-prices-to-rise-globally-as-energy-prices-edge-higher.html
 World food prices rise further, raising fears of unrest: http://www.prisonplanet.com/world-food-prices-rise-further-raising-fears-of-unrest.html
 Food prices rise sharply – and there’s more to come: http://www.prisonplanet.com/food-prices-rise-sharply-and-theres-more-to-come.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.