Greggs has announced another round of price hikes as we teeter on the edge of a global Greggcession.

The Steak Bake boom is over after the high street bakery revealed its popular three-item breakfast deal will rise by 20p, from £3.95 to £4.15.

The two-item breakfast deal will also go from £2.95 to £3.15 alongside price hikes for other British favourites.

The high street bakery chain’s chief executive, Roisin Currie, said the rises all coming in on Thursday were largely due to rising wages being baked into prices. She said minimum wage rises and ‘surprise’ higher employers’ national insurance contributions cost the chain an extra £20m.

And prices could go even higher after Ms Currie admitted Greggs was working on more inflation projections and didn’t know about potential further nationa

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