WHAT’S IN STORE FOR 2022?
HIGHER FOOD PRICES
Food cost inflation has two main impacts: the cost of what the wider nation pays for food in supermarkets and shops, and the cost of food to local communities, where wages and disposable incomes are usually lower than in towns.
From poultry to beef and pig farmers, food producers are facing increasing costs for animal feed, fuel and heat, higher wages, labour shortages, greater costs for transport due to a shortage of HGV drivers, plus rising prices for CO and cardboard and plastic packaging.
Grocery prices increased by 1.7% in September 2021 alone, according to market researcher Kantar. The Consumer Price Index showed the cost of
