Food inflation may not reach worst-case scenario but will last longer – industry

£207 warning for anyone who buys food as rises to last into 2028

Economists say ' there is little room for relief'

Food inflation may not reach worst-case scenario but will last longer – industry

Latest predictions suggest households with children would need to find an extra £203 for food and drink this year, and another £207 next year.

IGD warns food inflation may peak lower but last into 2028, as lag from Middle East conflict sustains cost pressures

Discover what's happening in retail today, Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and much more. IGD (Institute of Grocery Distribution) has released updated food inflation forecasts showing that, while food inflation is no longer expected to peak as high as a severe energy shock scenario, the impact is now expected to last much longer, into 2028. This means house…

Food inflation falls but industry warns Iran war spike to come

The surprise drop in food and drink inflation seen in May is likely to be short-lived, as the impacts of the war in Iran are due to take hold, leading industry figures to warn. The rate of inflation of food and non-alcoholic drinks fell from three per cent in April to 2.2 per cent in May, the Office for National Statistics (ONS) revealed on Wednesday. This dip in food inflation was a key force keeping the UK’s headline inflation rate steady at 2…

IGD warns food inflation may peak lower but last into 2028

IGD (Institute of Grocery Distribution) has released updated food inflation forecasts showing that, while food inflation is no longer expected to peak as high as a severe energy shock scenario, the impact is now expected to last much longer, into 2028. This means households with… This story continues at IGD warns food inflation may peak lower but last into 2028 Or just read more coverage at Talking Retail

Food Inflation Could Continue Until 2028, Says IGD

Food inflation is set to remain a major challenge for retailers and consumers well into 2028, with new forecasts from the industry body IGD suggesting prolonged cost pressures will continue to weigh on household budgets and food businesses alike.IGD now expects food inflation to peak at 5.5 per cent in the second half of 2026, averaging between 3.7 per cent and 4.7 per cent across the year. While this is lower than the organisation’s most severe…