A fall in the rate of inflation is nice, that’s all! The cost of things is still 7.9% more expensive than a year ago – how many peoples wages are that much higher? Food and drink inflation is 17.3%. Perhaps the word inflation needs replacing with “more than a year ago”. Food from the rest of the world is also klikely to be hit by the climate crisis, sugar is up 54% and olive oil up 44%. I think I am correct in saying that further Brexit restrictions for food and plants come in in January. The new Russian restriction on Ukranian products will also have an impact on bith supply and prices. Besides the Mediterranean, Southern USA and China are both experiencing extreme weather conditions which will affect their production and export of food stuffs.
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