UK food prices may rise by 4% in 2025 due to costs from the Ukraine war and budget changes.

UK food inflation could rise to 4% by the end of 2025, according to analysts. This increase is due to cost pressures from the 2022 Russian invasion of Ukraine and recent budget changes, including higher national insurance contributions and a rise in the minimum wage. These factors are expected to raise supermarket costs significantly, with some estimating an additional £250 million for companies like Tesco.

January 06, 2025
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