date:Jun 19, 2012
The agri-food business consultancy said sudden changes for the worse in harvest prospects forced changes in global agricultural prices, which can have a dramatic impact on retail food inflation.
EFFPs current predictions are that food inflation will continue to fall through 2012 and will end the year close to between 2 3%. It will fall a little further in the early part of 2013, based on figures from the consumers price index (CPI).
Both the CPI and, the alternative measure of inflation, the