Article 6B0SS Friday briefing: Food prices continue to surge – how will the UK and the rest of the world respond?

Friday briefing: Food prices continue to surge – how will the UK and the rest of the world respond?

by
Nimo Omer
from Economics | The Guardian on (#6B0SS)

In today's newsletter: The cost of eating continues to surge, and everywhere from Nigeria to China is in search of an answer

Good morning.

It feels like every time you go into a shop the prices have risen by a gazillion percent. Inflation in the UK slowed marginally last month - the latest inflation data from the Office for National Statistics (ONS) shows that it decelerated from 10.4% to 10.1% - but economists expected it to dip to 9.8%. And with over a year of rapid price rises these numbers are unlikely to be much consolation for those struggling with food inflation, which remains at a staggering 19.1% - the highest level since 1977 - with some products, like olive oil, up by 49%.

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