THE price of your favourite biscuits could be about to rise as the cost of living spirals.
Jaffa Cakes, Hobnobs and Penguins are the latest cost which could shoot up, a biscuit boss has warned.
1
David Murray of Pladis Global, the maker of McVities biscuits, said the combination of coronavirus, rising costs for businesses, as well as staff shortages would lead to higher prices.
Mr Murray told the Daily Mail he’d “never seen a combination of challenges like this at the same time”.
“At the end of the day, like in many other categories, it will flow through to higher prices,” he said.
The company, which also makes Rich Tea biscuits and Jacobs crackers, is in talks with supermarkets over prices, Mr Murray told the newspaper.
He could not say exactly how much biscuit bills could go up by, but that it could be “numbers like” the current inflation rate of 5.1%.
Inflation is a measure of how much the prices of goods and services have changed over time
Most read in Money
The rate went higher than 5% last month – months earlier than expected.
You can buy chocolate Hobnobs for £1. A rise of 5% would add 5p to the cost of a 262g packet.
A pack of 20 Jaffa Cakes and Penguins containing eight bars, which you can also buy for £1 each, would go up by the same amount.
Rising wholesale gas prices, Brexit, Covid, shipping delays and a shortage of lorry drivers are just some of the factors being blamed for price rises.
Experts have predicted that rising inflation could add £180 to family food bills next year.
The boss of Heinz warned that prices of its products will rise, including ketchup and baked beans.
Groceries are not the only bill on the rise either, as millions of Brits are now paying more for fuel and energy.
Prices at the pumps hit a record 147.72p a litre last month, but have now fallen slightly to 147.28p.
And the cost of living crisis across the board could add as much as £1,700 to household bills.
How to save money on your food shop
Food waste apps could cut your bill by hundreds of pounds. Here’s our round up of the five best, including how they work and how much you could save.
Shopping own brand products is one easy way to cut your grocery bill but shoppers should also make use of loyalty schemes like the Tesco Clubcard or Sainsbury’s Nectar card.
If you’re worried about the cost of your shopping, you can also get help from your local food bank. Websites such as the Trussell Trust can help you locate a food bank near you.
Parents may also be able to get free school meals for their children.
One mum has shared their money-saving tips that could cut your grocery bill by HALF.
And here’s all the ways supermarkets tempt you to spend more – and how to avoid their tricks.
How to make the ‘best’ chocolate orange cake WITHOUT baking & it’s really simple
We pay for your stories!
Do you have a story for The Sun Money team?
