Daily Express- Shock as food prices soar 15%
Industry leaders have warned food prices could rise by 15% this summer, the Daily Express reports.
Soaring inflation and a decline in real wages could see a family of four increasing their spend on food and groceries from £396 per month to £439 per month, according to a hard hitting report by the Institute of Grocery Distribution (IGD), which provides analysis to major grocers. It said the UK was facing the highest cost of living pressures since the 1970s, mainly down to the effects of the Ukraine war. Last month, food price rises drove inflation to a 40-year-high of nine percent, the Office for National Statistics recorded.
Today's Headlines - Summarised
Blizzard threatens first presidential contest as entire US under extreme weather alerts
Republican candidates canceled campaign events amid a blizzard ahead of the first presidential contest, the Iowa Caucus, on Monday.