it is an anniversary family fry is in danger of a global economic crisis due to rising prices for Britain’s main product this year by 40 pence, according to the giant of Canter research, as the UN warned of an “acute” global food and inflation crisis due to war in Ukraine.
With lots of full English fans wanting to refuel next weekend to celebrate The The Queen’s Platinum Anniversary, Fraser McKevitt, head of retail and consumer affairs at Kantar, said: “People are really feeling the tightness at the checkout, and they have to stretch your budgets further to adjust to rising prices.
“To put the latest figures in context, if you were stockpiling family fries over the long weekend with toast, eggs, sausages, bacon and beans, it would have cost you £ 6.83 – a significant increase of £ 40 last year. ».
Food prices in the UK are now growing at the fastest pace since 2009.
Speaking today (Tuesday) at the World Economic Forum (WEF) in Davos, David Beasley, executive director of the UN Food Agency, warned that some countries have gone to “hell on earth” this year. if Ukrainian exports had not resumed. Both Russia and Ukraine are major exporters of wheat, vegetable oils and fertilizers for crops.
According to a WEF report released this week, the world is heading for “the worst food crisis in recent history, complicated by the added pressure of high energy prices”.
The situation worsened this morning when two of the largest food producers released financial figures.
British food supplier Cranswick said today that it has suffered from an “unprecedented” set of “problems” as staffing and supply chain problems hit logistics and manufacturing, despite the company’s first-time earnings of more than £ 2 billion. sterling.
Irish food giant Greencore also reported half-yearly results. The group’s revenue rose 33.6% to £ 770.8 million.
The company looked at supply chain problems and food price inflation and said its results were “a great achievement amid mobility constraints, supply problems and inflation”.