He Jubilee family Fried up to be aloof danger from the world economic crisis with a 40p price increase this year for the UK staple according to market research giant Kantar as the United Nations has warned reported an “acute” global food and inflation crisis caused by the war in Ukraine.
With so many UK fans looking out next weekend to celebrate the Queen’s Platinum Jubilee, Fraser McKevitt, head of retail and consumer insights at Kantar, said: “People are really stressed and they are having to stretch their budgets even more to accommodate rising prices.
“To put the most recent numbers into context, if you choose to source a long weekend family fried meal of toast, eggs, sausage, bacon and beans, you will pay £6.83 – that’s a significant 40p increase last year. ”
Grocery prices in the UK are now rising at their fastest rate since 2009.
Speaking at the World Economic Forum (WEF) in Davos today (Tuesday), David Beasley, executive director of the United Nations Food Agency, warned some countries would fall into “hell on earth.” ” this year if Ukrainian exports do not continue. Both Russia and Ukraine are major exporters of wheat, vegetable oils and fertilizers for crops.
The world is headed for “the worst food crisis in recent history, coupled with the added pressure of high energy prices,” according to a WEF report released this week.
The situation got complicated early this morning when two of the biggest food manufacturers released financial figures.
British food supplier Cranswick said today it has faced an unprecedented set of “challenges”, as staffing and supply chain issues affect logistics and manufacturing, despite for the first time the company has over £2 billion in sales.
Irish food giant Greencore also reported mid-year results. Group revenue rose 33.6 per cent to £770.8 million.
The company addressed supply chain issues and food price inflation, and said its results were a “wonderful achievement in light of mobility constraints, supply challenges and inflation.” emerging.”