Explained: Why food prices in Europe continue to remain high
1 year, 6 months ago

Explained: Why food prices in Europe continue to remain high

Firstpost  

It is the most basic of staple food items: sliced white bread. In Britain, the average price of a loaf was 28 per cent higher in April, at £1.39, or $1.72, than it was a year earlier In Italy, the price of spaghetti and other pasta, a fixture of the Italian diet, has risen nearly 17 per cent from the year before. In Germany, the European Union’s largest economy, cheese prices are nearly 40 per cent higher than a year ago, and potatoes cost 14 per cent more. Throughout the European Union, consumer food prices were on average nearly 17 per cent higher in April than a year earlier, a slight slowdown from the previous month, which set the fastest pace of growth in over two and a half decades. Food and non-alcoholic drink prices were 19 per cent higher, the quickest pace of annual food inflation in more than 45 years.

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History of this topic

Food prices are on the rise again. What’s behind the increase
1 week, 2 days ago

Food prices are on the rise again. What’s behind the increase

CNN  

Rochester, Minnesota CNN — On the Sunday before Thanksgiving, a grocery store here was plumb out of eggs. And it’s not just eggs — shoppers have seen jumps in beef, coffee and non-alcoholic beverages, driving up overall grocery prices to their largest monthly gain since January 2023. “Overall grocery price inflation is relatively tame; it’s essentially in line with where …

UK inflation stays at 2% despite surge in hotel prices
5 months, 1 week ago

UK inflation stays at 2% despite surge in hotel prices

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation in the UK held …

Food prices are no longer rising as much — but here's why it might not feel that way
5 months, 1 week ago

Food prices are no longer rising as much — but here's why it might not feel that way

NPR  

Food prices are no longer rising as much — but here's why it might not feel that way toggle caption Justin Sullivan/Getty Images North America Grocery prices are no longer climbing as much as they did in the last two years — but many Americans are still frustrated by what it costs to put food on the table. Here are …

31%: The surge in food prices irking voters in the UK election
5 months, 3 weeks ago

31%: The surge in food prices irking voters in the UK election

Al Jazeera  

The cost of living is a key issue in an election expected to end 14 years of Conservative Party governance. While inflation has finally returned to the central bank’s target of 2 percent after hitting double-digit highs in 2022 and 2023, people are still paying much more for essentials, including food, than they were just a few years ago. Food …

The everyday supermarket foods Aussies have stopped eating due to 'absurd' price hikes: 'Repulsive'
7 months, 2 weeks ago

The everyday supermarket foods Aussies have stopped eating due to 'absurd' price hikes: 'Repulsive'

Daily Mail  

Aussies have listed the supermarket buys they can no longer afford Fed-up shoppers are naming the food and grocery items they've had to give up amid increasing price hikes across the country. Listing the every day items in a budget-themed Reddit thread, Aussies agreed ice cream, steak and fresh berries were among the first to be cut from their supermarket …

Why experts say inflation is relatively low but voters feel differently
7 months, 4 weeks ago

Why experts say inflation is relatively low but voters feel differently

NPR  

Why experts say inflation is relatively low but voters feel differently Enlarge this image toggle caption Scott Olson/Getty Images Scott Olson/Getty Images A lot goes into planning a personal budget – and the price of food and how it fluctuates with inflation can be a big part of that. And interestingly, for the last eight months, consumers have been reporting …

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says
8 months, 1 week ago

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says

Daily Mail  

The pace of UK food inflation fell to the lowest annual rate since November 2021 in March, official figures from the Office for National Statistics show. Overall, prices for food and non-alcoholic drinks increased by 4 per cent in the year to March, down from 5 per cent in the year to February, the ONS said. The ONS data showed …

Battle for customers drives down UK shop inflation
8 months, 2 weeks ago

Battle for customers drives down UK shop inflation

China Daily  

Competition for customers between retailers has played a big part in shop price inflation in the United Kingdom falling to its lowest level in two years, newly published figures have revealed. Food inflation dropped from 5 percent to 3.7 percent, and non-food inflation plummeted down from 1.3 percent to 0.2 percent, as retailers battled to win over customers who have …

How inflation has hit your shopping basket
10 months, 1 week ago

How inflation has hit your shopping basket

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. A slowing of inflation among many everyday food and drink items, including cheese and …

Food prices fall for first time since 2021 as inflation remains unchanged
10 months, 1 week ago

Food prices fall for first time since 2021 as inflation remains unchanged

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation unexpectedly held steady last …

Europe’s lower food inflation isn’t good news for marketers
1 year, 4 months ago

Europe’s lower food inflation isn’t good news for marketers

Live Mint  

Huge hikes in food prices and other daily essentials in European markets are coming to an end. Unilever, the owner of brands like Dove and Marmite, said it faced €400 million of materials inflation in the second half of its current fiscal year, down from €1.6 billion in the first half. It’s true that when prices stabilized and in some …

June 2023 inflation quickens to 4.8% as food prices climb
1 year, 5 months ago

June 2023 inflation quickens to 4.8% as food prices climb

The Hindu  

India’s retail inflation hardened in June to a three-month high of 4.81% from 4.31% in May, driven by a spike in food price inflation to 4.5% from less than 3% in the previous month, owing to rising costs faced by households for items like cereals, pulses, milk and tomatoes. While the pace of consumer price rise in June broke a …

Ocado announces price cuts to milk and other ‘everyday essentials’
1 year, 5 months ago

Ocado announces price cuts to milk and other ‘everyday essentials’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Food prices are squeezing Europe. Now Italians are calling for a pasta protest
1 year, 6 months ago

Food prices are squeezing Europe. Now Italians are calling for a pasta protest

Associated Press  

MILAN — When it comes to skyrocketing pasta prices, Italians are crying: Basta! “The macaroni strike is to see if keeping pasta on the shelves will bring down the prices, in the great Anglo-Saxon tradition of boycotting goods,” said Furio Truzzi, president of the group, Assoutenti. “The price of pasta is absolutely out of proportion with production costs.” Grocery prices …

Europe sees inflation drop to 6.1%, but real relief for consumers will take months
1 year, 6 months ago

Europe sees inflation drop to 6.1%, but real relief for consumers will take months

Associated Press  

FRANKFURT, Germany — Europe’s inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see real relief in what they pay for food and other necessities. “Otherwise, you sometimes make impulse purchases.” The food bank at Berlin’s St. Wilhelm Roman Catholic Church, meanwhile, has gone from …

Will the government really introduce a cap on food prices?
1 year, 6 months ago

Will the government really introduce a cap on food prices?

The Independent  

The government is considering a plan under which supermarkets would cap the cost of basic foods such as bread and milk to help families struggling with the cost of living crisis. Any scheme to help bring down food prices for consumers would be voluntary and at retailers’ discretion.” So will there be a cap on prices? Although the annual rate …

Price caps will create food shortages, Rishi Sunak warned
1 year, 6 months ago

Price caps will create food shortages, Rishi Sunak warned

The Telegraph  

Rishi Sunak has been warned his plan for “1970s-style” price caps will lead to food shortages amid a backlash from cabinet ministers and supermarkets. One cabinet minister told The Telegraph that price caps, last used in Britain in the 1970s, would not work “in this day and age” and that produce would be “sold elsewhere” if supermarkets refused to increase …

Brexit has cost UK households £250 in higher food bills, experts claim
1 year, 6 months ago

Brexit has cost UK households £250 in higher food bills, experts claim

The Independent  

Sign up to our free Brexit and beyond email for the latest headlines on what Brexit is meaning for the UK Sign up to our Brexit email for the latest insight Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please …

Inflation falls to lowest level in over a year - but food prices remain high
1 year, 7 months ago

Inflation falls to lowest level in over a year - but food prices remain high

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation has fallen back to its lowest level in over …

UK inflation falls to lowest level in over a year but food prices keep decline in check
1 year, 7 months ago

UK inflation falls to lowest level in over a year but food prices keep decline in check

Associated Press  

LONDON — Inflation in the U.K. has fallen to its lowest level since the immediate aftermath of Russia’s invasion of Ukraine, though elevated food prices meant it didn’t fall as much as anticipated. “The rate of inflation fell notably as the large energy price rises seen last year were not repeated this April, but was offset partially by increases in …

Food prices double in the UK as inflation at ‘shockingly high levels’, data shows
1 year, 7 months ago

Food prices double in the UK as inflation at ‘shockingly high levels’, data shows

The Independent  

Some meat, yoghurt and vegetables are among items that have doubled in price compared to a year ago, new figures show. urged prime minister Rishi Sunak to intervene on behalf of struggling consumers as its latest data shows food inflation remaining at “shockingly high levels”. With levels of food poverty among children having doubled in the year to January 2023, …

Food prices set to come back down soon, supermarket chiefs promise
1 year, 7 months ago

Food prices set to come back down soon, supermarket chiefs promise

The Independent  

Supermarket bosses are said to have told Rishi Sunak’s government that food price inflation has already peaked and costs to the consumer will start to fall in the coming months. It comes after the Bank of England food price pressures had proved more “sticky” than expected as UK inflation remains “stubbornly high”. Top supermarkets assured chief secretary to the Treasury …

UK inflation: Why are food prices rising so much?
1 year, 7 months ago

UK inflation: Why are food prices rising so much?

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. But food prices increased to 15.7 per cent, the highest …

Food prices fall on world markets but not on kitchen tables
1 year, 7 months ago

Food prices fall on world markets but not on kitchen tables

Associated Press  

A restaurant on the outskirts of Nairobi skimps on the size of its chapatis — a flaky, chewy Kenyan flatbread — to save on cooking oil. In the United States, where food prices were up 8.5% last month from a year earlier, he says that “75% of the costs are coming after it leaves the farm. Glauber, now a senior …

No fruit, ham a luxury: Hungary food prices spike most in EU
1 year, 8 months ago

No fruit, ham a luxury: Hungary food prices spike most in EU

Associated Press  

BUDAPEST, Hungary — Magdolna Gozon nibbles spicy green peppers from a fruit and vegetable stall at a sprawling indoor market in Budapest, sampling them to make sure they’re hot enough for a soup she’s cooking. The 83-year-old retiree can’t afford to buy more if they don’t have enough kick — not with her small pension and Hungary facing the biggest …

UK inflation remains over 10% as food prices rise
1 year, 8 months ago

UK inflation remains over 10% as food prices rise

Associated Press  

LONDON — The price of food in the U.K. rose at the fastest pace in 45 years last month in, keeping inflation above 10% for a seventh straight month amid a cost-of-living crisis that has fueled a wave of strikes by government workers. Food prices jumped 19.2% in the 12 months through February, the biggest increase since August 1977, the …

Is the supermarket milk price war a sign food prices could FINALLY fall from current record highs?
1 year, 8 months ago

Is the supermarket milk price war a sign food prices could FINALLY fall from current record highs?

Daily Mail  

Four supermarkets have slashed the price of milk this week, with the competition leading to hopes record food prices could finally start to fall. Talking shop: The price of supermarket groceries has soared, leaving households paying record prices for their weekly shop Tesco led the charge on Wednesday, reducing the price of a four-pint carton of milk from £1.65 to …

Food prices jump 18.4% in a year; Clothing 11.8% more expensive
1 year, 9 months ago

Food prices jump 18.4% in a year; Clothing 11.8% more expensive

NL Times  

Food in the Netherlands cost 18.4 percent more in February than a year earlier. While energy prices are no longer skyrocketing, the higher energy prices still indirectly contribute to inflation, ABN Amro economist Aggie van Huisseling told RTL Nieuws. And gas prices are still higher than a year ago, Van Huisseling explained. Higher clothing prices also drove up inflation, but …

Corporations are keeping food expensive because, well, they can
1 year, 9 months ago

Corporations are keeping food expensive because, well, they can

CNN  

Editor’s Note: A version of this story appeared in CNN Business’ Nightcap newsletter. “Companies view these as occasional opportunities, and they don’t want to miss out,” Jean-Pierre Dubé, a marketing professor at the University of Chicago Booth School of Business, told Danielle. But have, I think, taken price increases that exceed that,” said Mark Lang, an associate professor of marketing …

UK inflation falls again, raising hopes prices will plunge
1 year, 10 months ago

UK inflation falls again, raising hopes prices will plunge

Associated Press  

LONDON — Britain’s inflation rate fell for a third consecutive month in January, boosting optimism that the cost-of-living crisis has peaked and prices will fall sharply later this year. The Bank of England forecasts prices will fall rapidly in the second half of this year as energy costs begin to moderate and price increases triggered by Russia’s invasion of Ukraine …

European inflation eases for 3rd month but prices still bite
1 year, 10 months ago

European inflation eases for 3rd month but prices still bite

Associated Press  

LONDON — Europe’s inflation rate dipped at the start of the year, giving some relief to consumers but still leaving them facing higher prices that have driven protests and will likely press the European Central Bank into another interest rate hike Thursday. Russia’s war in Ukraine has shaken up food and energy markets, and while commodity prices have fallen from …

‘Must stick to plan to bring down nightmare inflation,’ says UK finance minister Jeremy Hunt
1 year, 11 months ago

‘Must stick to plan to bring down nightmare inflation,’ says UK finance minister Jeremy Hunt

Firstpost  

Inflation in the United Kingdom eased slightly last month after hitting a 41-year high in October, providing some relief to the Bank of England. The pressure on households, however, remained intense as food and drink prices climbed at the fastest pace since 1977, according to government data London: British finance minister Jeremy Hunt on Wednesday indicated that the UK government …

UK inflation eases for a 2nd month, falling to 10.5%
1 year, 11 months ago

UK inflation eases for a 2nd month, falling to 10.5%

Associated Press  

LONDON — U.K. inflation eased for a second month in December, boosting confidence that the cost-of-living crisis has peaked. “While any fall in inflation is welcome, we have a plan to go further and halve inflation this year, reduce debt and grow the economy — but it is vital that we take the difficult decisions needed and see the plan …

Inflation falls for the second month in a row
1 year, 11 months ago

Inflation falls for the second month in a row

The Telegraph  

Overall, transport costs are now rising more slowly than they did before the war in Ukraine and have been falling for six months. There’s little sign of respite for shoppers though, as food prices continue to soar and remain at a 45-year high. They reached 16.9pc in the 12 months to December, when using the more detailed measure of inflation …

Inflation drops sharply in Europe but some prices are still rising faster
1 year, 11 months ago

Inflation drops sharply in Europe but some prices are still rising faster

CNN  

London CNN — Inflation in Europe continued to decline in December as energy prices rose at a slower pace. Prices across the 19 countries that used the euro in 2022 increased at an annual rate of 9.2% in December, the European Union’s statistical office said Friday. While energy inflation fell to 25.7% in December, compared to 34.9% in November, the …

Inflation may be easing, but grocery prices are still way up
2 years ago

Inflation may be easing, but grocery prices are still way up

CNN  

New York CNN — Once again, food inflation is outpacing overall inflation. In the year through November, food got 10.6% more expensive, with grocery prices rising 12% and menu prices jumping 8.5%, not adjusted for seasonal swings, the Bureau of Labor Statistics said Tuesday. Food prices are affected by a number of factors, including extreme weather, diseases impacting crops and …

Brexit has added more than £200 to UK household food bills, study finds
2 years ago

Brexit has added more than £200 to UK household food bills, study finds

The Independent  

Brexit has cost UK households more than £5.8bn in higher food bills, according to new research linking Britain’s exit from the EU to soaring inflation. The experts based at the London School of Economics said their analysis confirmed that Brexit alone had increased UK food prices by 6 per cent. Over the two years to the end of 2021, Brexit …

Inflation in Europe eases but still in painful double digits
2 years ago

Inflation in Europe eases but still in painful double digits

Associated Press  

FRANKFURT, Germany — Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs, but the double-digit rate still hovers near a record that has robbed consumers of their spending power and led economists to predict a recession. Out-of-control inflation is being fed by high energy prices caused by …

Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter
2 years ago

Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Inflation in Europe drops for the first time in 17 months
2 years ago

Inflation in Europe drops for the first time in 17 months

CNN  

London CNN Business — For the first time in 17 months, inflation in Europe is easing. In Germany, the bloc’s biggest economy, annual inflation slid to 11.3% from 11.6%, while price gains in France held steady at 7.1%, Wednesday’s data showed. While energy price inflation fell to roughly 35% year-over-year, compared to nearly 42% in October, prices for food, alcohol …

Food inflation soars to record 11.6% as energy costs, according to British Retail Consortium
2 years, 1 month ago

Food inflation soars to record 11.6% as energy costs, according to British Retail Consortium

Daily Mail  

Separate data from Trolley shows that tea bags are now on average 41p more than they were in October 2021 The cost of Britain's favourite hot beverage - the humble cup of a tea - has soared by a staggering 16 per cent, figures revealed today. Food inflation hit a record 11.6 per cent in October, according to the British …

UK inflation accelerates to 40-year high as food prices rise
2 years, 2 months ago

UK inflation accelerates to 40-year high as food prices rise

Associated Press  

LONDON — British food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nation’s poorest residents. “In today’s society, I find that completely unacceptable.” Hunt this week told the House of Commons that the government would …

U.K. inflation accelerates to 40-year high as food prices rise
2 years, 2 months ago

U.K. inflation accelerates to 40-year high as food prices rise

The Hindu  

British food prices rose at the fastest pace since 1980 last month, driving inflation back to a 40-year high and heaping pressure on the embattled government to balance the books without gutting help for the nation's poorest residents. “In today's society, I find that completely unacceptable.” Hunt this week told the House of Commons that the government would “prioritise help …

How everyday food items have risen in price in the past 12 months
2 years, 2 months ago

How everyday food items have risen in price in the past 12 months

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The cost of food and …

UK inflation back at 40-year high as food prices soar
2 years, 2 months ago

UK inflation back at 40-year high as food prices soar

CNN  

London CNN Business — Rising food and energy costs drove UK inflation back to a 40-year high in September, but it could be nearing a peak as cash-strapped households pull back on spending amid broader economic turmoil. Responding to the latest inflation figures, Hunt said the government “will prioritize help for the most vulnerable while delivering wider economic stability and …

Food inflation hits record level as prices rise 10.6% in a year
2 years, 2 months ago

Food inflation hits record level as prices rise 10.6% in a year

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Food inflation has …

UK inflation dips slightly in August to 9.9%
2 years, 3 months ago

UK inflation dips slightly in August to 9.9%

Associated Press  

LONDON — Inflation in the United Kingdom slowed slightly last month as a drop in gasoline and diesel fuel prices gave consumers the first glimmer of hope that Britain’s cost-of-living crisis may be beginning to ease. Lower gasoline costs also slowed U.S. inflation for a second straight month in August, but consumer prices that jumped 8.3% from a year earlier …

UK food prices rise at fastest rate since global financial crash
2 years, 3 months ago

UK food prices rise at fastest rate since global financial crash

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} The price of …

UK inflation surges to new 40-year high of 10.1% in July on soaring food, energy price
2 years, 4 months ago

UK inflation surges to new 40-year high of 10.1% in July on soaring food, energy price

Firstpost  

The Bank of England warned earlier this month that UK inflation would climb to just above 13 per cent this year, which would be the highest level since 1980 London: British inflation surged to a new 40-year high in July on soaring food prices, official data showed Wednesday, adding to a cost-of-living crisis as the country faces the prospect of …

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