Consumers will pay up to 8p more for a loaf of bread after Hovis maker Premier Foods said that a surge in wheat prices had forced it to raise the price of bread for the second time this year.
The hike means that shoppers will have to pay more than£1 for a loaf of bread. Premier Foods, which makes Hovis, Mothers Pride and Homepride bread, raised prices by 5p in February, but said that it had to introduce another hike after wheat prices more than doubled in the past year, the result of poor harvests around the world.
Premier Foods chief executive Robert Schofield told the Financial Times: “If present wheat prices persist, additional bread and flour price increases will be required.” UK supermarkets are expected to pass on some of the increases.
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