The UK leads food inflation in Europe, with the price of food almost four times higher than on the continent, new research has revealed.
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Figures from the Organisation for Economic Co-operation and Development show that UK food inflation last year was 8.6%, compared to a European average of 2.2%.
In Germany, food prices actually fell last year – down 0.7% – while in France food costs rose 0.8%.
The US saw food prices rise faster than the European average, but still trailing the UK, at 2.3%.
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By GlobalDataFree Whitepaper
What is the impact of historically high inflation on the UK consumer landscape?
- Why has global inflation returned with a vengeance?
- What is the current inflation situation in the UK?
- What impact is inflation having on UK retail sales?
- What tactics are businesses relying on to tackle the effects of high inflation?
- How are consumers changing their behaviors to cope with the higher cost of living?
- Which industry sectors are most vulnerable to reduced consumer demand?
- How is the government responding to high inflation?
- How long will high inflation last in the UK?
- How can your company survive and thrive in a high inflation environment?
You will receive an email shortly. Please check for download the Whitepaper.
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