One of our favourite staple foods could be getting more expensive
Bread prices are reportedly set to rise and all because of Brexit.
According to RTÉ, the milling industry is set to feel the impact of Brexit over the cost of importing flour, with 80% of the flour used in Irish breads coming from the UK.
Alex Waugh, Director of the National Association of British and Irish Millers, has said:
"If tariffs were to be introduced the rate the EU normally charges those at would add eight to 10 cents to a loaf of bread in the Republic.
It is pretty inflationary, assuming the flour continues to come from the same source as now.
Once you introduce a tariff everything changes, so the likelihood is that the flour currently coming from the UK would come from somewhere else in the EU where there would not be a tariff."
If Irish producers were to look for other sources of flour in the EU it would have a massive impact on the flour industry in the UK and could lead to job losses.