Record High Food Inflation Causes Price Increases and Tension Among Businesses and Banks.

TL;DR Summary
Food inflation in the UK reached a record high of 18.2% in February due to poor crops caused by bad weather in southern Europe and Africa, leading to rationing of fruits and vegetables in UK supermarkets. Essential food items such as bread, pasta, eggs, margarine, fats, and pork have seen significant price increases, with bread prices rising by 20.8% and eggs by 32.5%. The rising cost of food is eating into a significant proportion of disposable income for households across the country.
- UK Prices soar as food inflation hits record highs Boing Boing
- Firms hit back at Bank governor in prices row BBC
- Euro-Zone Core Inflation Set for New Record in Test of ECB Nerve Bloomberg
- British Pound Latest: GBP/USD Bullish Trend is Intact but Slowing Down DailyFX
- Inflation: Why the Bank of England doesn't want shops raising prices even higher Yahoo News UK
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
2 min
vs 3 min read
Condensed
81%
426 → 82 words
Want the full story? Read the original article
Read on Boing Boing