Aug
08
Rising household costs could pressure people in debt
08-08-2010
Tagged Under : Pressure, Pressure People
The UK may be about to see a rise in food price inflation that could put extra pressure on already-stretched household finances, The Independent reports.
Kantar Worldpanel, a market research firm, has forecast a rise from 2% to 4% in grocery-price inflation by the end of the year.
The firm attributes this to growing wholesale prices of things like wheat and barley around the world.
The forecast comes at the same time as similar reports suggesting petrol and clothing prices could rise in the near future, while house prices have started to fall once again. Read full post…