British food retailers ripping pubic off
Glad I use the internets for my news, if I didnt this little gem would have escaped me, thanks PressTV
British food retailers seem to be taking advantage of rising prices worldwide as they are increasing their prices three times faster than retailers in other European countries.
Official data from the Organization for Economic Cooperation and Development shows Britain’s food inflation was 6.3 percent in January, compared with the average 1.5 percent in the Eurozone.
Food prices rose in Ireland, which shares several of its suppliers with Britain by 0.3 percent, while the rate was 1.6 percent for Italy and 2.8 percent for Germany.
Even countries outside the Eurozone experienced price increases well below that of Britain, with Australia registering a 2.5 percent rise despite the floods that destroyed a great portion of the country’s crops.
The OECD figures question the performance of supermarkets in Britain as they suggest they are increasing the prices of necessary foodsf like meat, dairy and wheat products faster than the global food inflation.
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