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.

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