Food prices have been soaring and look set to increase further as an unprecedented heatwave wilts Europe’s crops, experts have warned.
British food price inflation has surged at breakneck speed over the past few months, peaking at 19.2% in March. It has since dipped slightly, but is unlikely to fall below 10% by the end of the year, as producers are locked into expensive energy contracts.
Extreme weather stifling food production in Europe is exacerbating the problem, said agricultural supply analyst Cedric Porter. Temperatures above 40 degrees and intermittent periods of
