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How food prices are affected by oil, trade agreements and climate change

By Wyn Morgan, Professor of Economics, University of Sheffield
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Concerns about inflation rates have risen as the UK economy begins its much-needed recovery from the effects of the pandemic. The Consumer Prices Index, the measure most commonly used to measure inflation, rose by 2.5% in June 2021, the highest level for three years.

That headline rate hides differences between the various things…


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