Record High Food Inflation Causes Price Increases and Tension Among Businesses and Banks.
Originally Published 2 years ago — by Boing Boing
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.