UK food price inflation hits highest level since global financial crash

[AJBot]

Prices in shops rose by 5.1% in August, British Retail Consortium finds, as the war in Ukraine pushes up prices up for farmersThe rapidly rising price of food including milk, margarine and crisps pushed August shop price inflation to the highest levels since 2008 as the war in Ukraine raised costs for farmers.Prices in shops rose by 5.1%, a big increase from 4.4% in July, as food producers passed on increases in the cost of fertiliser, wheat and vegetable oils, large amounts of which are produced in Ukraine and Russia, according to data from the British Retail Consortium (BRC) and market resea ...

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[Shaffy]

It will really be beneficial to the world's economy if this war between Russia and Ukraine is terminated. Coming so soon after the effects of COVID-19 on global economy, this inflation is hitting people hard.

 

[Danny4cash]

It's not only in Uk. The food price inflation is every where. I think the pandemic cause this and just when the world is getting out of it, comes Russia and Ukraine war. A lot of people, especially many African countries who are importing foods from Russia and Ukraine are feeling the best of the war.

 

[Setho]

I think a lot of people need to take it easy because the pandemic actually hit a lot of people. This is a time for you to take it on a slow-motion even with the fact that Russia has invaded Ukraine.

 

[BTCBEE]

It will really be beneficial to the world's economy if this war between Russia and Ukraine is terminated. Coming so soon after the effects of COVID-19 on global economy, this inflation is hitting people hard.

yes i agree with you and i hope russia and ukrain will stop war so people will get rid of this devil inflation. after covid-19 people has lost their main work and lost in business.