Ten Things You Need to Know Today: Monday 27 Aug 2018

1. Extreme weather to push food prices up 5%

This year’s unusually cold late winter – and the hottest summer since 1976 – will cause food prices to rise by 5% over the coming months, consultancy firm CEBR has estimated. The wholesale price of some vegetables, including carrots, is already up 80% – but the firm says the full impact could be as much as £7 a month more per household.

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