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Food prices rise 30% and oils 70% in the UK

In the UK, grocery prices have risen by about a third (30%) on average due to the continued rise in fuel prices.

Prices of fruits and vegetables increased by 30%, and the price of vegetable oil increased by 70%.

The main reason, according to the Daily Mail, is the high fuel prices that have disrupted the supply of agricultural products from Spain. Therefore, the shortage of these goods is reflected in the prices in British stores.

“Truck drivers in Spain have gone on strike to protest the rise in gasoline prices, arguing that transporting goods has become unprofitable with trucking companies’ revenues shrinking,” the article said.

In addition, the crisis in Ukraine affected the British market. For example, Edible Oils, a vegetable oil producer, said the vast majority (80%) of global oil supplies come from Russia and Ukraine.

Grocery expert, Jed Vetter, warned that food inflation in the country will exceed 15%, and the repercussions of the crisis will lead to a sharp rise in prices.

On March 24, a SkyNews report spoke of a huge rise in prices, including fuel prices, which leads to the fact that residents of the UK are forced to choose between buying food for children and paying for home heating.

 

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