Food inflation to hit 5.7% as suppliers can ‘no longer absorb’ costs, FDF warns
Food and drink inflation could climb to 5.7% by the end of the year thanks to cost pressures on manufacturers “trickling down” to supermarket shelves, a leading industry body has warned. The Food and Drink Federation (FDF) said current prices were “steeper than anything in recent decades”. The group – whose members make a quarter of all food and drink sold in the UK – increased its inflation outlook as […]