Comment on food price inflation

“Estimates for food price inflation last year were that climate change extremes of weather and the gas crisis were adding in the order of £400 to the household food shopping bill. [2]

“As the Bank of England has itself acknowledged, poor harvests have been pushing up prices. It’s perhaps no surprise that olive oil is number two on the list of food items currently driving inflation. [3] Heat extremes and droughts hit European harvests last year, and Spain, which provides two fifths or £123m of our olive oil, is already experiencing extreme heat again that would be virtually impossible without climate change. [4] Poor harvests push prices up, it’s as simple as that.”