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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

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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