UK food prices are on track to be 50 per cent higher by November than they were when the cost-of-living crisis began five years ago, according to new research from the Energy and Climate Intelligence Unit think tank.
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Volatile oil and gas prices, synthetic fertiliser costs, and extreme weather pushed food bills up by an average of £605 over 2022 and 2023, with energy shocks accounting for £244 of the rise.
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