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Henry Saker-Clark, PA & Catherine Addison-Swan

UK food and drink sector could see price surge of £1.7 billion due to CO2 costs

Brits could see their food shop become more expensive yet again due to the surging cost of carbon dioxide, new research warns.

Households have already seen prices driven up in supermarkets in recent months as the cost of living continues to rise. Now analysis from the Energy and Climate Intelligence Unit (ECIU) has suggested that £1.7 billion could be added overall to the cost of British groceries.

This is due to the surging cost of carbon dioxide, researchers say. Households will be well aware that energy prices have soared in the past year following Russia’s invasion of Ukraine, and this has also had an impact on industries reliant on CO2.

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