
Food inflation hits 16.4% with fastest rise in 45 years
Food and drink inflation has continued to rise to 16.4% a rate not seen for 45 years. The cost of basics such as milk, cheese and eggs are leading the charge.
Food and drink inflation has continued to rise to 16.4% a rate not seen for 45 years. The cost of basics such as milk, cheese and eggs are leading the charge.
Trade bodies from across the food supply chain have welcomed elements of the new Budget but expressed disappointment over others.
Ian Wright, chief executive of the Food and Drink Federation (FDF) has written to the government, warning that the food supply chain is “now seriously compromised by the disruptions in the supply of CO2.”
The Food and Drink Federation (FDF) predicts that consumers will inevitably face higher food and drink prices over the next few years, causing a knock-on effect for food processors across the country.
Karen Betts, currently chief executive of the Scotch Whisky Association, is to be the new chief executive of the Food & Drink Federation.