Britain is experiencing a potential climateflation crisis due to extreme weather, with predictions of food prices rising over 30% by 2050. The Autonomy Institute highlights that without immediate government intervention, nearly 1 million individuals may fall into poverty as climate-related price spikes impact everyday food items. The increased frequency of heatwaves and droughts threatens both domestic and international food supply chains, contributing to inflation. Retailers have reported reduced harvest yields due to hot, dry weather, with the inflation rate climbing to 3.6% fueled by rising food and energy prices.
The Autonomy Institute thinktank warned that climate-induced price increases for everyday food items could push almost 1 million people into poverty without urgent government intervention.
Official figures showed the UK's headline inflation rate rose to 3.6% in June, driven by rising fuel and food prices amidst climate-driven impacts.
Britain's largest retailers noted that hot, dry weather had reduced fruit and vegetable harvest yields, contributing to the increase in inflation.
An increase in heatwaves and droughts will threaten staple crops, disrupt supply chains, and heighten inflationary pressures due to climate change.
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