Global food prices fall but shoppers still face bill hikes

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Global food prices fall but shoppers still face bill hikes
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Cereal and vegetable oils fall in price but food shoppers won't see their bills come down immediately.

Food price rises eased in June for the third month running, but any benefits are unlikely to feed through to supermarket bills for several months.

Prices had been pushed up by Russian's invasion of Ukraine, worries about bad weather, strong global demand and the rising cost of rising production and transport. Food prices were already rising at the start of 2022, due to the disruption inflicted by the pandemic. But it's Russia's invasion of Ukraine that prompted them to spike to levels that stretched wallets and took hardship to unprecedented levels around the world.

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