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Food prices set to rise by 50% on start of cost-of-living crisis by November

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According to the analysis, the cost of staples including pasta, frozen vegetables, chocolate, eggs and beef – all up between 50% and 64% – and olive oil, up 113%, had already seen some of the steepest rises, reflecting their sensitivity to volatile oil and gas prices, synthetic fertiliser costs and climate impacts such as droughts, floods, and heatwaves, both in the UK and in key import regions.

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