‘Food prices rise’
Filed under: Debt Management @ May 24th, 2007
Fruit and vegetable prices have risen by a third over the last year, new figures indicate.
According to research released by the Office for National Statistics, the cost of a kilogram of onions rose 38 per cent to 75p, reports the Daily Mail.
Apples have increased by 11 per cent (13p) to an average of £1.29.
Due to the rise in food costs, some of the most financially vulnerable consumers in the country could struggle even more with debt management and ability to make repayments on Personal Loans.
Meanwhile, older people - who are the biggest consumers of fresh produce - were reported to be particularly affected by the price hike.
The cost of a dozen medium-sized eggs rose by 22p to £1.81.
Earlier this month, findings by the Alliance Trust Research Centre indicated that increasing food and utility bills costs are causing those over the age of 75 faced inflation of four per cent over the course of April.
When compared to government figures of 2.8 per cent, it is possible people in this age group could struggle the most with debt management and making loan repayments.
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