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Consumers face rising food prices

22-11-2021

Analysts say Britain’s food price pressures will get worse should the country suffer a cold winter. With global food prices already at their highest in half a century, economists at BCA Research say they will increase next year and remain elevated into 2023. Robert Ryan, chief commodities and energy strategist at BCA, warned higher freight, fertiliser and fuel costs will be passed on to shoppers through higher food prices next year. He said: “We should start seeing this feeding through and the longer we get this cold weather and elevated natural gas prices, the more of this is going to feed through over time.”

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