Owner of 82 year-old bakery:  'It's do or die' when it comes to price hikes 

Trading since 1940, McCloskey's Bakery has weathered difficult times but its current owner says recent price hikes are 'unprecedented'. Picture: Thinkstock/PA

The owner of an 82-year-old bakery which employs over 200 people has said putting up its bread prices was a case of 'do or die'. 

Patrick McCloskey of McCloskey's Bakery described as 'unprecedented', recent price hikes which sent his flour costs soaring by 120%, and yeast and sugar by up to 70%.