By Neal Wallace
Consumers already reeling from sharp milk and butter price rises are in for another shock as the cost of bread, bacon and eggs follow suit.
Bread manufacturers are expected to increase the price of bread by up to 20 per cent before Christmas and will not rule out another price rise in the new year as they respond to soaring international wheat prices which have doubled in the last year.
“Consumers should expect a 10-30 per cent increase, something in that range, depending on the type of bread,” a spokesman for Champion Flour said yesterday.
George Weston Foods chairman Laurie Powell said he agreed with that assessment.