date:Jun 19, 2012
Retail Food Price Index[RFPI]are firmly heading towards the governments target rate of 2%,according to EFFPs report:Food Inflation Outlook. Both indexes reflect costs such as labour, transport and materials, which affect the costs of processing, manufacturing and retailing food, along with agricultural commodity prices.
Commodity prices
EFFP said prolonged reductions in world commodity prices would be required to pull the rate of increase in the RFPI below the general rate of inflation.Althoug