“Cold winter and baking summer will likely increase food household bills by £7.15/month according to Centre for Economics and Business Research

 

British consumers are facing a hike in food prices of at least 5% as a result of extreme weather this year, economists warn.

 

Extended spells of frigid and baking weather seen during the winter and summer will likely increase household food bills by an estimated £7.15 a month, the Centre for Economics and Business Research (Cebr) says.

 

The cold snap brought on by the Beast from the East has already been blamed for a slump in the economy at the start of the year, while some industries were adversely affected by heatwave conditions over the summer.

“While this has made Britain’s weather more conducive to barbecuing, it looks set to raise the price of the food on the grill and the drink in hand.”

 

 

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