UK food prices forecast to rise by up to 4.9% next year, continuing a trend since 2020.

UK food prices are predicted to rise by up to 4.9% next year, adding to the 40% surge since 2020. The Institute of Grocery Distribution cites higher production costs, supply chain issues, and increases in National Insurance and the National Living Wage as key drivers. Households will bear most of these costs, with food inflation expected to remain high until at least 2026. The report warns this will exacerbate financial pressures and food insecurity in Britain.

December 12, 2024
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