UK: Food prices are accelerating at their fastest rate since records began

…Food prices are not the only costs being driven higher by international economic turbulence.

Crude oil recently passed the $100 mark, which has led to soaring fuel prices in Britain. Aviation fuel rose by 11.6 per cent last year. Petrol products rose by 20.5 per cent, the highest since 2000, the year of national fuel protests.

The data showed that factory gate prices for manufactured goods as a whole are rising at their fastest rate for more than 16 years.

Telegraph