Food for thought over Edenderry plant’s fate

WHEN the ESRI produced its economic bulletin before Christmas it said it anticipated inflation would fall from 4.9% in 2007 to 3.3% this year.

While food hit the index hard in November, accounting for 6% in the year to end November 2007, the ESRI reckon it will not be a factor next year.

It noted the increases were particularly high for cereals, bread, and dairy products, and suggested the pace of food-price increases was likely to stay elevated in the coming months.