Rising food prices surprised the Bank of England, but supermarkets saw it coming Karen Betts An unexpected rise in inflation and the price of food shows us not to take it for granted.
Food price hikes will become baked in if we can’t choose a fiscal policy and stick with it Karen Betts Yesterday marked a grim milestone. Food and drink price inflation hit its highest recorded level since the 1980s. In the year to September, it has jumped to 14.6 per cent and the rise in food prices has helped push overall inflation over 10 per cent. What’s more, it hasn’t peaked yet – prices will certainly [...]
Don’t blame shops for prices if leaders can’t stop inflation Karen Betts Inflation is soaring and the UK’s food and drink manufacturers are under incredible pressure. No one can remember such sustained, relentless price rises across all our inputs – everything, from energy and ingredients to transport and wages, is more expensive. With food price inflation now at 9.8 per cent, everyone is asking: how much further [...]
