Why is the price of bread important?
WHO, WHAT, WHY? The Magazine answers… The price of bread could soon rise to 1 a loaf, bakers are warning. But why is the cost of bread so important? Tea and toast, probably the most popular way to start the day in the UK. But if you’ve been reading the paper over breakfast in recent days, it would have been hard to miss the headlines about the price of a standard loaf of bread rising to 1 any day soon. The price hike has been blamed on poor wheat harvests overseas increasing the cost of flour by 15%. The finger has also been pointed at rising energy prices. But what’s with all the column inches? Why is the price of a loaf considered so important? Beer Experts say the price of bread has historically been an emotive issue, even though economically it is not that significant. This is down to the fact that it is such a staple of the British diet. “You can expect to find bread in almost every home in the country, which makes it a key product, ” says a spokesman for The Grocer magazine. “P
