Retail Chiefs Warn: Food Prices to Soar After Pound Collapse

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Food prices are set to rise as the protection policies that supermarkets currently have to shield them from the fallout of sterling’s collapse are close to expiring, retail chiefs warn.

The head of one of Britain’s largest supermarkets said that as the currency protection or hedges that grocers have in place will expire over the next months, shoppers will end up paying more at the tills as the pound’s slump has slashed their purchasing power.

Source: Express / PFNewsUK Twitter

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