Post 64. UK Food inflation...
The UK Office for National Statistics (ONS) has just published the figures for food inflation rates in the UK (see table below). This means that in one year, food inflation has increased from 0.3% to 12.6%.
|
August 2021 |
0.3% |
|
September 2021 |
0.8% |
|
October 2021 |
1.2% |
|
November 2021 |
2.5% |
|
December 2021 |
4.2% |
|
January 2022 |
4.3% |
|
February 2022 |
5.1% |
|
March 2022 |
5.9% |
|
April 2022 |
6.7% |
|
May 2022 |
8.6% |
|
June 2022 |
9.8% |
|
July 2022 |
12.6% |
This is having a direct impact on so many households and communities. In many other countries, food inflation over the last year has been even worse e.g. Lebanon 332%, Zimbabwe 309%, Venezuela 155%, Turkey 95%, and Sri Lanka 91%. (Source: https://tradingeconomics.com/country-list/food-inflation) This compares to Switzerland where food inflation is at 1.9%.
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