General · 8 hours ago
Bank of England warns fruit and vegetable prices could rise
Acabashi via Wikimedia Commons (CC BY-SA 4.0)
The Bank of England, the UK's central bank, says El Niño, a Pacific weather pattern, could add around 2 percentage points to food prices by 2028. The UK receives approximately 25% of its food imports from areas susceptible to this, and fresh produce will be the initial sector affected. The warning came on Thursday, when the bank raised interest rates from 3.75% to 4%.
Reported by aol.co.uk · How we write briefs
