Food price inflation up again as climate impacts continue: comment

Comment on rise in food price inflation as climate impacts continue

Profile picture of Tom Lancaster

By Tom Lancaster

info@eciu.net

Last updated:

Commenting on food and non-alcoholic drinks price inflation [1] increasing from 4.5% in June to 4.9% in July, Tom Lancaster, land, food and farming analyst at the Energy and Climate Intelligence Unit said:

“As the UK experiences one of our worst droughts in living memory, the impact of climate change on these figures is clear to see. The Bank of England stated in a report [2] this month that extreme weather is now one of the main drivers of food price inflation, and that climate change related impacts may prevent it coming down as expected towards the end of this year. We can already see the impacts of this year’s drought starting to come through in some vegetable prices [3], and inflation for coffee, chocolate and tea are all back up, all crops that have been hit by extreme weather linked to climate change in recent months and years.

“The weather we have seen in the UK this year is not normal and we are seeing extremes like it globally, with impacts on our food production both here and abroad. Climate change is already hitting the British public’s spending power, and the science is clear that until net zero emissions is reached, these impacts on food security and prices are only going to escalate, creating more pain for families in the months and years ahead.”
 


Notes to editors:

1.https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/consumerpriceinflation

2. https://www.bankofengland.co.uk/monetary-policy-report/monetary-policy-report

3. Wholesale prices for cauliflower, one of the vegetables hit hardest by the recent drought, are up to £2.14 this week, up from 89p at the beginning of August