"New research indicates that UK food prices are on track to be 50% higher by November 2023 compared to levels at the start of the cost-of-living crisis in mid-2021. This alarming increase reflects a combination of extreme weather driven by climate change, global supply disruptions, and ongoing volatility in oil and gas markets."
"Analysis reveals that the cost of essential food items, including pasta, frozen vegetables, chocolate, eggs, and beef, has surged between 50% and 64%. Olive oil has seen an even steeper increase of 113%, highlighting the sensitivity of food prices to fluctuations in oil and gas prices, as well as the impacts of climate-related events."
UK food prices are expected to increase by 50% by November 2023 compared to mid-2021 levels. This rapid rise is attributed to extreme weather events linked to climate change, global supply chain disruptions, and volatile oil and gas markets. Key staples such as pasta, frozen vegetables, and beef have seen price increases between 50% and 64%, with olive oil rising by 113%. These factors have led to an average increase of £605 in household food bills over 2022 and 2023.
Read at www.independent.co.uk
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