World News

Inflation explained: why your food shop is seeing double digit price rises

Wage rises have been cited as a major reason why costs have been going up, with hopes of an interest rate cut dashed by above-target inflation and rising unemployment.

If there is good news, it is that the increase was fairly narrow, confined to a few "divisions" of spending.

A major strawberry grower told Sky News his wage bill has risen 11%, and those labour costs make up two-thirds of the price of his crop. That leaves him with no choice but to pass it on to his customers.

Read more: https://news.sky.com/story/why-were-seeing-double-digit-price-rises-in-food-shop-staples-13415063

#skynews #inflation #economy #finance

SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews

For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB

Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/

To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales

🛑Breaking News 24/7 📰Rumble Clips👍 Choice Clips🎞️CRAZY Clips😜 Right Wing Vids🔥Military⚔️Entertainment🍿Money💵Crypto🪙Sports🏈World🌍Sci-Tech🧠Mainstream 🗞️Twitter –X🐤Lifehacks🤔 Humor Feed 🤡 Humor Daily🤡 Live Longer❤️‍🩹 Anime😊  Food🍇 US Debt Clock 💳 Support Whatfinger💲

Whatfinger News Sections




See Health Articles and Videos

Books Reviewed by the Whatfinger News Crew

Whatfinger’s Unfiltered Guide to the Top 64 Fantasy Novels

Our not so daily newsletter. More like weekly…