Inflated food prices won’t be going down any time soon, the president of the National Farmers’ Union (NFU) has warned.
It comes after the UK’s food price in March had the second biggest yearly hike among the G-20 countries after Turkey.
The latest figures from the Office for National Statistics (ONS) showed that the UK’s consumer price inflation (CPI) in March was 10.1 percent compared to the same month last year. But the prices of food and non-alcoholic beverages grew by 19.2 in the same 12-month period, the fastest in 45 years, according to ONS estimates.
The price hike of food was mainly driven by higher production costs, which were exacerbated by soaring energy prices following the end of COVID-19 lockdowns and Russia’s invasion of Ukraine….