British are warned about rising “apocalyptic” food prices

More than four in five people in the UK are worried about rising living costs and whether they will be able to buy basic necessities such as food and energy in the coming months, according to a new survey.

Torga Acmen | Afp | Getty Images

London — A quarter of British people rely on skipping meals, as inflationary pressure and the worsening food crisis are confused with what the Bank of England recently called the “apocalyptic” outlook for consumers. ..

More than four in five people in the UK are worried about rising living costs and the ability to buy basic necessities such as food and energy in the coming months. According to a new survey released on Tuesday.

In a survey of 2,000 British people conducted by Ipsos and Sky News, 89% said they were concerned about how the cost of living crisis would affect the country as a whole over the next six months, and 83% were individuals. He said he was concerned about the situation. ..

The big picture was about the same across the country, but low-wage people are more concerned about how more than half of their income under £ 20,000 ($ 25,000) achieves this year’s income. “I am very concerned about this,” he said. That’s about two in five people who earn over £ 55,000.

Britain’s leading caterers individually on Tuesday, schools are now Reduce the size of your meal Or use low quality ingredients as prices soar.

“Apocalyptic” price increases

It’s not surprising to see food price inflation heading towards 8-10% throughout the year.

Archie Norman

Marks & Spencer Chairman

UK food inflation reached 5.9% in April, the highest level since December 2011, according to market researchers. Canter.. When the UK inflation rate rises, 30 years-up to 7% Energy costs are rising last month.

British retailer Marks & Spencer On Tuesday, it warned that food price inflation could surge to another 10% by the end of this year.

Luxury food brand Chairman Archie Norman told the BBC Radio on Tuesday. “Some have gone through now, but there will still be quite a lot.”

But Norman added that Bailey’s use of the term “apocalyptic” was unmanageable given broader economic factors such as rising wages. “I wouldn’t use apocalyptic words, certainly not for our customers,” he said.

Increased fear of food shortage

Concerns about food shortages have increased in recent months as the war in Ukraine exacerbated problems in existing food supply chains.

Ukraine, “European breadbasket” Although it was not possible to export grains, fertilizers and vegetable oils during the conflict, ongoing combat destroyed farmland and hindered regular harvesting.

MHP, the largest producer and exporter of chicken in Ukraine and a major supplier of grain and sunflower oil, said Tuesday that the current situation corresponds to an agricultural crisis.

“I’ve never seen anything like this,” MHP Executive Chairman and industry veteran John Rich told CNBC.

“We have Covid, there is war, there is China’s Covid Zero policy, which makes freight transportation almost impossible, and there is climate change. All of this, frankly, is non- A functional global supply chain system. “

The United States and the European Union on weekends Improve food supply chain Navigate the export limits.

It comes after India announces on Saturday Ban on wheat exports “Manage the country’s overall food security.” Meanwhile, Indonesia has restricted the export of palm oil, the main ingredient of many foods, in order to curb domestic food shortages.

British are warned about rising “apocalyptic” food prices

Source link British are warned about rising “apocalyptic” food prices

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