UK food prices on track to rise by 50% since start of cost of living crisis

🤖AI Özeti

According to new research from the Energy and Climate Intelligence Unit, UK food prices are projected to rise by 50% by November compared to their levels at the onset of the cost of living crisis in 2021. The study highlights that beef and olive oil have seen the most significant price increases, driven largely by climate and energy shocks. This rapid inflation reflects a dramatic shift, with food price growth accelerating to nearly four times the rate observed over the previous two decades.