PRICE RISES

PETROL: FUEL was expected to be the first commodity affected by Brexit – and the cost has already been passed on at the pump.

The RAC revealed that British motorists pay 0.5p more per litre – despite the wholesale cost falling by 3p. Diesel prices have also risen, by an average 0.7p per litre.

BACON:

THE UK imports 60% of the bacon we eat, much of it from Denmark. Denmark’s biggest bacon producer, said it will crank up the prices as a result of Brexit. Søren Tinggaard, of Danish Crown, said: “It’s to our advantage the UK’s pork industry is not self-sufficient for bacon production.” Looks like it’s going to be difficult to bring home the bacon.

COOKING OIL:

THE prices of olive, palm, soya, sunflower and groundnut oil have all fluctuated in the past few weeks because of the weak pound.

And it’s not just oil you pour into your pan to fry food – many manufacturers use products such as palm oil in processed food.

Their overall rising costs may have to be passed on to the consumer.

BANANAS:

APPARENTLY Brussels’ bureaucrats wanted us to import only straight bananas at one point. That was a myth – but higher costs might not be.

Bananas are imported from Ecuador, Belgium and Costa Rica but are traded in dollars, which the pound is weak against at the moment.

Dairy:

THE cost of Britain’s annual £1 billion of cheese, butter and yoghurt imports has been tipped to increase.

There’s uncertainty about whether EU subsidies, which make up 55% of the average farmer’s income, will continue.

It points towards a higher cost of a pint of milk. Bad news for your shopping budget although perhaps welcome for beleaguered dairy farmers.

Wine:

WHILE the lower pound might be good news for Scotland’s whisky industry, those who prefer a glass of wine will be crying into their Riojas.

The UK imports 1.3 billion litres of wine making us the world’s biggest importer.

Global financial advisors Rabobank say they expect French and Italian producers to target China and the US, leaving the UK consumer to pay more.

coffee:

MANY coffee buyers in the UK purchased large quantities of beans before the Brexit vote in preparation.

But the cost of a jar of coffee is expected to rise as those stocks need to be replaced around Christmas.

Already, some small coffee shops have bumped up their prices.

Wholesale coffee bean prices were already up 12.7%.