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Story summary
- The Food and Drink Federation projects 9 % food inflation in the UK by end-2026, adding £470 to the average grocery bill.
- Red diesel rose to 104p per litre from 76p, prompting National Farmers Union president Tom Bradshaw to warn of higher milk, bread, potato and cereal prices.
- Yara International warned that fertilizer shortages could cut yields by 50 %.
- Dr. Derek Watson said manufacturers may shrinkflation chocolate, biscuits and fish-and-chips.
