Shoppers will have to pay more for bread, butter and other everyday produce from this Christmas due to the war in Iran, a major report has found.
Eight in 10 food manufacturers have warned they will be forced to push up the price of their produce due to higher energy costs caused by the blockade of the Strait of Hormuz.
Food sectors that use the most energy – such as meat, dairy and bakery items – are likely to see the highest spikes in prices.
Shorts
The increases are expected to kick in within seven to 12 months, meaning shoppers will have to pay more just as they are planning their Christmas food shop.
