Tuesday, August 10, 2010
It is feared that the typical price of a pint could rise to as much as Â£4
The cost of living is already expected to rise significantly amid warnings that bread, gas bills and insurance are all becoming substantially more expensive. The price of a loaf of bread is set to increase by 10p to 129p, which would be a record, after Russia suffers from its hottest summer in a century, wiping out much of the worlds wheat harvest. There are also fears that rising prices on the wholesale energy market will push up gas prices for households, after a small supplier put up its prices by 23 per cent last week. Petrol prices are likely to carry on rising later this year and into 2011 because of higher taxes.