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Food Price Rise at Fastest Rate for 2 Years

It was recently reported in the national press that food staples, such as bread and pasta, have seen price increases of up to 25%.  The British Retail Consortium say droughts in many parts of Europe,including the UK, have exacerbated the problem by hitting yields of many food crops.



Official figures also show that households are responding to price rises by reducing the amount they are purchasing, which supports that BRC view that inflation is cost driven.

Homeowners aged over 55 years who concerned about rising food prices and would like to know how much money the value of their property could release to increase their income, can find out by contacting therightequityrelease.co.uk for equity release advice.