Reveals the Economist’s Breakfast Index
The cost of breakfast is going up in line with basic commodity prices, according to the Economist’s Breakfast Index.
The prices for most of the raw ingredients of breakfast have increased by 25%.
At the beginning of August the UN cut its forecast of 2010 global wheat production by 5m tones.
Russia, Kazakhstan and the Ukraine, all big wheat producers, have been hit by severe droughts.
In Canada, another big food producer, unusually wet weather destroyed crops.
Coffee and orange juice have also risen in price.