A warning has been issued to anyone who buys bread from UK supermarkets.
The price of a loaf will hit a nine-year high after rising global demand sent the price of bread wheat up by 26.7 per cent in the past year, reports Manchester Evening News.
Shoppers across the country will be impacted when buying bread from leading supermarkets such as ASDA, Tesco, Aldi, Lidl, Morrisons and Sainsbury's.
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It means that higher prices for consumers will be unavoidable.
Other foods will also be impacted by the price hikes, as pasta has already seen an increased price tag in recent weeks.
The wheat used for animal feed has also risen, though not by as much, currently running at around 16.2 per cent more than a year ago, reported trade journal The Grocer.
Rising fuel costs, the lorry driver shortage and higher wages to battle the recruitment crisis are also contributing to the soaring price of many favourite foods.
Alice Jones, analyst with agricultural body, AHDB, said: "Global wheat prices keep climbing each week on the back of supply concerns, and UK prices are following global trends.
"As long as global prices keep rising there is scope for domestic prices to keep rising."
In a recent review of global food market, the UN's Food and Agriculture Organization reported a 'recent surge in agricultural input prices" adding: "Higher prices of these inputs will inevitably translate into higher production costs, and eventually into higher food prices."
Gordon Polson, CEO of Britain's Federation of Bakers, told The Grocer: "Energy pricing is also on the rise, while HGV driver shortages and recruitment are resulting in increased wage rates."
And Allied Bakeries, which owns Kingsmill, said the industry was "exposed to inflationary pressure in relation to the cost of flour, as well as the gas we use in our ovens and fuel for our delivery fleet."
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