date:Oct 23, 2012
Food inflation will be well on its way to 4% by Christmas, and manufacturers need to prepare to put up their prices with Morrisons particularly in a tricky position, warn analysts at Shore Capital.
A surprise fall in new inflation figures, down 0.2% to 2.0% year-on-year for September 2012, according to the latest UK consumer prices index, did not indicate the shape of things to come.
Analyst Darren Shirley told FoodManufacture.co.uk that higher food inflation was on its way, and was unlikely