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Inflation jumps on food, air fares and school fees

  • Food inflation has reached 3.3 percent in January 2025, up from 2 percent in December 2024, according to the Office of National Statistics.
  • Cocoa has experienced a 13 percent drop in global production, leading to a severe shortage and a tripling of prices since 2022.
  • An overall rise in food prices of over two percent is expected for the remainder of the year, affecting consumers significantly.
  • Balwinder Dhoot of the Food and Drink Federation stated that higher commodity prices, along with rising labor costs, will keep food prices increasing over 2 percent throughout 2025.
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Scottish Grocer & Convenience Retailer broke the news in on Wednesday, February 19, 2025.
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