Food inflation in UK and Europe: Trends and Analysis.
TL;DR
UK food prices are rising at a slower rate than other countries, according to government minister Mel Stride. However, recent figures show that UK's food inflation in April was higher than the European Union average of 16.4% and higher than all the major European economies. The reason behind the price rises has been identified as Russia's invasion of Ukraine, bad weather in Europe and North Africa, and UK labour shortages. The UK's reliance on food imports suggests that European countries that grow more of their own food have seen smaller food price increases.
- Is food inflation higher in Europe than in the UK? BBC
- Grocery inflation falls to lowest rate this year in Great Britain but is still at 16.5% The Guardian
- UK food production costs fall for first time since 2016: Lloyds Reuters UK
- U.K. Stocks Outperform as Food Inflation Cools Barron's
- Cost of Living: Grocery inflation eases to 'slowest monthly rate this year' Sky News
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