Food price inflation still rising, as lower income households feel the squeeze, study says
The ECIU said five climate-hit foods and energy shocks have pushed household bills up by an average of £605 since 2022.
- UK food prices are on track to be 50% higher by November compared to mid-2021 levels, according to the Energy and Climate Intelligence Unit . The think tank described this as a "grim milestone" that will compress nearly 20 years of inflation into just five.
- Extreme weather, global supply disruptions, and volatile energy markets have compounded pressures on the food system. Staples like olive oil have risen 113%, while pasta, frozen vegetables, chocolate, eggs, and beef increased between 50% and 64%.
- Average household food bills rose by £605 over 2022 and 2023, with energy shocks accounting for £244 of this increase. Five climate-impacted foods including beef and coffee are rising four times faster than other goods.
- Anna Taylor, executive director of the Food Foundation, warned that rising costs force low-income families to skip meals and risk increasing diet-related illnesses, placing additional pressure on the NHS.
- ECIU analyst Chris Jaccarini warned that the Middle East conflict could drive bills higher as oil and gas prices spike. Scientists predict 2027 will be the hottest year on record, compounding food system vulnerabilities.
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UK food prices are on track to be 50 per cent higher by November than they were when the cost-of-living crisis began five years ago, according to new research. The Energy and Climate Intelligence Unit thinktank says staples, including pasta, frozen vegetables, chocolate, eggs, beef and olive oil have seen some of the steepest rises. Volatile oil and gas prices, synthetic fertiliser costs, and extreme weather pushed food bills up by an average of…
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rochvalleyradio.comFood price inflation still rising, as lower income households feel the squeeze, study says
The growth in food costs since mid-2021, driven by climate change, global supply disruptions, and market volatility, is leaving consumers, especially those earning less, feeling the squeeze, the ECIU study says.
Beef Up 64%, Olive Oil 113%: UK Food Prices To Skyrocket 50% — 'Children Will Go Hungry'
UK food prices are projected to be 50 per cent higher by November than they were at the start of the cost-of-living crisis in mid-2021, according to new analysis from the Energy and Climate Intelligence Unit. The think tank said the milestone would compress nearly two decades of pre-crisis price growth into just over five years. The projection draws on a revised forecast from the Food and Drink Federation published on 1 April, which expects food…
UK food prices on track to rise by 50% since start of cost of living crisis
Beef and olive oil costs increase the most as climate and energy shocks drive inflation, research suggests Food prices are on track to be 50% higher in November than at the start of the cost of living crisis in 2021, new research suggests. Climate and energy shocks have driven an almost quadrupling of the pace [...]
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